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El Salvador Bitcoin has reached a new milestone with over 6,000 BTC in holdings. Their Bitcoin investment has earned $157 million in profits. The country bought these coins at an average price of $45,465. President Bukele’s team keeps buying Bitcoin daily, even after the IMF asked them to slow down. This move shows how serious the country is about cryptocurrency regulation and changing how money works. Source: bitcoin.gob.sv Also Read: How High Will Bitcoin Rise In January 2025? El Salvador’s Bitcoin Strategy: Understanding Crypto Investment, Risks, and Regulation Source: Watcher Guru Record-Breaking Bitcoin Portfolio Source: TradingView El Salvador’s latest Bitcoin purchase happened at $94,702 per coin. With this buy, their total Bitcoin investment grew to 6,001.77 BTC, which is now worth more than $570 million in real money. The government’s buying plan makes them the sixth biggest country owner of Bitcoin in the world. Countries like the United States, the Uni...

Bitcoin miners that shift their focus to AI and high-performance computing (HPC) could boost their profits by up to $13.9 billion annually. That’s a ccording to an Aug. 16 report by fund management titan VanEck, which says that if listed miners convert only 20% of their e xisting and targeted power capacity to AI and HPC by 2027, they can add annual profits exceeding $13.9 billion over 13 years. ”The synergy is simple: AI companies need energy, and bitcoin miners have it,” wrote head of digital assets research Matthew Sigel. ”Bitcoin miners generally have bad balance sheets, either because of too much debt, too much share issuance, too much executive compensation, or some combination of all three.” Bitcoin Miners are Shifting to AI & HPC, Unlocking New Revenue Through Strategic Arbitrage We Estimate a $38B Net Present Value Opportunity by Converting 20% of their Collective Capacity by 2027. (For context, the combined market cap of the stocks...