El Salvador’s treasury made a profit after Bitcoin surged above $40,000.

El Salvador’s national Bitcoin vault is back in the green.

At least that’s the latest data from NayibTracker.com, a website aimed at tracking El Salvador’s President Nayib Bukele’s Bitcoin investment decisions in 2021. The website tracks the dates Bukele made purchases, as well as the times and dates of known purchases. I promised to continue until the end.

The data shows that the total investment of $127 million increased the current value by $4 million, a gain of 3.17%.

The data appeared to be confirmed on Mondayvia X post by BukeleHe recently stepped down from office to run for re-election.

Nonetheless, much of this achievement hinges on the idea that Bukele followed through on his public promise to purchase 1 Bitcoin per day starting November 17, 2022. If you did, the Bitcoin you purchased on that date would have increased by 58% since the acquisition.

That said, Bukele has yet to publicly confirm or comment on whether the country acquired more than 360 additional bitcoins last year. According to his announcement, he will pursue a dollar-cost averaging strategy. In particular, his post today appears to be the first to verify the data.

Elsewhere it shows a mix of profits and losses for the overall investment. The largest single-day increase occurred on July 1, 2022, when an investment of $19,000 per Bitcoin saw its value surge by 119.81%.

Conversely, there was also a decline, with the price exceeding $60,000 on November 26, 2021, and its value still fell by 29.14%.

However, with the price of Bitcoin surging above $40,000 and optimism that Bitcoin ETFs could soon be approved in the U.S., industry bulls believe that even this purchase will soon be in the black.

As Bitcoin continues to make an impact on the world stage, El Salvador’s journey serves as a compelling case study for other countries exploring the intersection of traditional finance and the rapidly evolving cryptocurrency landscape.