{"id":403744,"date":"2024-03-12T11:59:44","date_gmt":"2024-03-12T11:59:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=403744"},"modified":"2024-03-12T11:59:44","modified_gmt":"2024-03-12T11:59:44","slug":"president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams\/","title":{"rendered":"President Bukele champions El Salvador&#8217;s multiple Bitcoin revenue streams"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/people\/nayib-bukele\/\">Nayyib Bukele<\/a>, the President of El Salvador, revealed that the Central American nation generates multiple <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> revenues from various channels alongside its BTC holdings.<\/p>\n<p>In a Mar 11. <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1767323587071947195?s=46&t=aw6ZR-6aD050XLPVXY8AQA\">post<\/a> on social media platform X (formerly Twitter), the president outlined four additional sources of Bitcoin revenue for the government, including:<\/p>\n<ul>\n<li>Revenue from its passport program.<\/li>\n<li>Income generated from Bitcoin mining.<\/li>\n<li>Profits from helping local businesses convert BTC to USD, and<\/li>\n<li>Revenue from undisclosed government services.<\/li>\n<\/ul>\n<h2>BTC-related revenue streams<\/h2>\n<p>El Salvador's pioneering &#8220;<a href=\"https:\/\/cryptoslate.com\/el-salvador-entices-bitcoin-investors-with-citizenship-offer\/\">Bitcoin for citizenship<\/a>&#8221; initiative is a cornerstone in the nation's <a href=\"https:\/\/cryptoslate.com\/el-salvadors-bitcoin-bonds-set-to-launch-after-gaining-regulatory-nod\/\">BTC revenue<\/a> framework, epitomizing a novel approach to driving domestic progress through digital assets.<\/p>\n<p>Under this scheme, up to 1,000 individuals annually can secure citizenship by investing $1 million worth of BTC or USDT in the country.<\/p>\n<p>Additionally, El Salvador taps into Bitcoin's potential through mining operations. Last year, the nation <a href=\"https:\/\/www.reuters.com\/technology\/el-salvador-partnership-build-1-billion-bitcoin-mining-farm-2023-06-05\/\">embarked<\/a> on a significant public-private collaboration, injecting $1 billion to establish one of the largest Bitcoin mining facilities. This venture prioritizes renewable energy sources and enjoys robust support from key industry players.<\/p>\n<p>Significantly, 23% of the mining project's net proceeds are earmarked for the Salvadoran government.<\/p>\n<p>Moreover, President Bukele highlights the government's gains from converting BTC to USD, benefiting local enterprises, and pioneering innovative financial instruments like <a href=\"https:\/\/cryptoslate.com\/el-salvadors-bitcoin-bonds-set-to-launch-after-gaining-regulatory-nod\/\">Bitcoin bonds<\/a>.<\/p>\n<h2>$85 million profit<\/h2>\n<p>Bukele's disclosure coincided with El Salvador's BTC investment, yielding around 70% gains following the <a href=\"https:\/\/cryptoslate.com\/bitcoin-holders-rejoice-as-value-breaks-unprecedented-71000-milestone-marking-new-ath\/\">crypto market rally<\/a>.<\/p>\n<p>Since El Salvador declared Bitcoin a legal tender in 2021, the country has strategically acquired the top crypto even during the bear market situations, which caused <a href=\"https:\/\/cryptoslate.com\/el-salvador-has-almost-20-million-in-unrealized-losses-despite-bitcoins-recent-rally-to-35k\/\">significant losses<\/a> to its portfolio.<\/p>\n<p>This steadfastness is <a href=\"https:\/\/cryptoslate.com\/el-salvador-and-pro-bitcoin-businesses-reaping-rewards-after-years-of-skepticism\/\">paying off<\/a>, with Bitcoin's value soaring to a new all-time high of more than $72,000. The nation's portfolio now totals 2,861 BTC, valued at approximately $207 million, with an unrealized profit of roughly $85 million.<\/p>\n<p>Despite these substantial gains, President Bukele emphasized that El Salvador has no intentions of selling its BTC holdings. Instead, the country views them as a permanent reserve, indicating a long-term commitment to its crypto strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nayyib Bukele, the President of El Salvador, revealed that the Central American nation generates multiple Bitcoin revenues from various channels alongside its BTC holdings. In a Mar 11. post on social media platform X (formerly Twitter), the president outlined four additional sources of Bitcoin revenue for the government, including: Revenue from its passport program. Income [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":403767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,77968],"tags":[76895,76941],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Bukele champions El Salvador&#039;s multiple Bitcoin revenue streams<\/title>\n<meta name=\"description\" content=\"El Salvador&#039;s crypto strategy yields $85 million in unrealized profit. President Nayyib Bukele reveals other BTC revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Bukele champions El Salvador&#039;s multiple Bitcoin revenue streams\" \/>\n<meta property=\"og:description\" content=\"El Salvador&#039;s crypto strategy yields $85 million in unrealized profit. President Nayyib Bukele reveals other BTC revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-12T11:59:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/03\/nayib-bukele-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/president-bukele-champions-el-salvadors-multiple-bitcoin-revenue-streams\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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