El Salvador's Bitcoin Gamble Sees Small Profit After Value Rebound
• El Salvador's Bitcoin investments have returned to profitability, currently totaling $131 million with a $3.6 million net profit
• President Bukele resigned to focus on 2024 reelection campaign, after El Salvador became first country to adopt Bitcoin as legal tender
• El Salvador has repeatedly dollar-cost-averaged buying Bitcoin, even as price collapsed 50% amid crypto winter
• Bitcoin portfolio value previously fell as low as $45 million from $103.9 million book value
• IMF warned Bitcoin's risks to El Salvador limited due to low adoption; country plans Bitcoin education in schools by next year