Analysis: El Salvador’s President Nayib Bukele has likely lost $10M on his bitcoin purchases, after spending $71M on 1,391 BTC at ~$51K (Michael D McDonald/Bloomberg)

Michael D McDonald / Bloomberg:
Analysis: El Salvador’s President Nayib Bukele has likely lost $10M on his bitcoin purchases, after spending $71M on 1,391 BTC at ~$51K  —  – Government’s process for buying Bitcoin is shrouded in secrecy  — Nation’s Bitcoins worth 14% less than average acquisition cost