El Salvador, the first nation state to adopt Bitcoin as a means of payment, is up 81% on its investments, according to on-chain analysis. Spotonchain data shows El Salvador’s strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million. Starting Nov. 18, 2022, the country purchased one bitcoin daily at an average price below $42,000. El Salvador’s embrace of Bitcoin, recognized as legal tender since 2021, has positioned it as a leader in crypto adoption. Bukele’s initiatives included a proposal for a national Bitcoin bank just two weeks into his second term. His ambitious “Bitcoin City” project, has attracted major investments like Yilport Holding’s $1.6 billion in the country’s seaports. This marks largest private investment in the nation’s history.