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El Salvador’s bitcoin reserves soar in value as cryptocurrency’s bullish surge continues

Bitcoin continues to solidify its position in the global economic landscape during a bullish period that seems to have no ceiling. On Monday at 10:39 a.m., it set a new record by reaching $107,054, bringing its market capitalization to $2.116 trillion, making it the seventh most valuable asset in the world and not far from overtaking Google.

It seems that time is proving right the institutions and countries that have incorporated Bitcoin into their financial strategy, making periodic acquisitions. For instance, the 5,965 coins in El Salvador’s reserve have surpassed $636 million in value due to the price increase, yielding a return of 137.58% and unrealized gains of $360 million. The country’s bet on the cryptocurrency has even had a positive impact on traditional markets. Just after Bitcoin surpassed $100,000 for the first time in early December, Bloomberg reported that Salvadoran bonds appreciated in value in response to the state’s benefits from the digital currency. “This is the first time in history that Bitcoin has driven sovereign bonds in traditional markets,” said President Nayib Bukele at the time.

On another note, MicroStrategy Inc., a business intelligence and data analytics software maker, was recently confirmed as a new member of the Nasdaq 100 index.

Being selected for the widely followed technology benchmark index is a milestone for MicroStrategy co-founder Michael Saylor, who has been leading a strategy of massive Bitcoin purchases since 2020.

According to Bloomberg, the company’s average gains of 40% over three consecutive months have raised its value to nearly $100 billion, meeting a key requirement to become a member.

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International

Claudia Sheinbaum: Operation Against ‘El Mencho’ Was Based on Pending Arrest Warrants

Mexico’s President Claudia Sheinbaum on Wednesday rejected claims that the military operation that resulted in the death of Nemesio Oseguera Cervantes, known as “El Mencho,” leader of the Jalisco New Generation Cartel (CJNG), was carried out under pressure from the United States government.

Sheinbaum explained that the deployment of federal forces was aimed at executing outstanding arrest warrants against Oseguera Cervantes, who was considered one of the most wanted criminals in both Mexico and the United States.

“That was not the objective (to ease pressure from the United States). It is very important, and I want to repeat it. This individual had an arrest warrant, or several,” Sheinbaum said, referring to the operation conducted on February 22.

According to the president, the initial goal was to capture Oseguera Cervantes, but military forces responded after coming under attack during the intervention.

“The operation was to detain him. The problem is that they were attacked — the Secretariat of National Defense — and they responded at that moment,” she said.

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The president insisted that the action was not carried out in response to external demands, although she acknowledged intelligence cooperation with the United States.

“It was not done in any way because of pressure from the United States, not at all. Of course, there was intelligence information from the United States that was used specifically,” she concluded.

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International

Spain Denies Any Agreement to Cooperate with U.S. Military in Iran Operations

Spain’s Foreign Minister José Manuel Albares on Wednesday firmly denied that Madrid has agreed to cooperate with the U.S. military in operations against Iran, contradicting statements made minutes earlier by White House Press Secretary Karoline Leavitt.

“I categorically deny it,” Albares said in a radio interview cited by EFE. “The position of the Spanish government regarding the war in the Middle East, the bombings in Iran, and the use of our bases has not changed by a single comma.”

Earlier in the day, Leavitt told reporters that Spain had “agreed to cooperate with the United States military in recent hours,” following President Donald Trump’s threat to impose a trade embargo on Madrid. Trump had warned of economic measures after Spain reportedly refused to allow the Pentagon to use facilities at Spanish bases for operations related to Iran.

“I have no idea what that could be referring to or where it could be coming from,” Albares said, insisting that Spain’s position “has not changed at all” and therefore “remains absolutely unchanged.” He added that he had “no desire” and “almost no time” to speculate about the White House spokesperson’s remarks.

Albares reiterated Spain’s “No to war” stance, which he said had been clearly and forcefully expressed by Prime Minister Pedro Sánchez in an institutional address. According to the foreign minister, that position has been supported by “many European colleagues.”

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White House Says Spain Agrees to Cooperate with U.S. Military After Trump Threatens Trade Embargo

White House Press Secretary Karoline Leavitt said Wednesday that Spain has agreed “in recent hours” to cooperate with the U.S. military, following President Donald Trump’s threat to impose a trade embargo on Madrid.

Trump had warned of potential commercial measures after Spain reportedly refused to allow the Pentagon to use facilities at Spanish military bases for operations related to Iran.

“With respect to Spain, I think you heard the president’s message yesterday loud and clear, and I understand that in recent hours they have agreed to cooperate with the United States military,” Leavitt said during a press briefing.

She added that the U.S. military is currently coordinating with its counterparts in Spain. However, the president expects broader support.

“The president expects that all of Europe, all of our European allies, of course, will cooperate in this important mission — not only for the United States, but also for Europe,” Leavitt said.

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Her remarks came in response to questions about Spain’s position and its role as a U.S. ally amid rising tensions surrounding operations involving Iran.

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