Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to Bitcoin and Bitcoin-related assets.
A prominent Bitcoin supporter revealed that the remaining 30% of his portfolio is made up of gold and stocks from his own companies. He said, “I don't have a single bond and I don't have any other stocks except for my own.”
Salinas, which has an estimated net worth of $4.8 billion, has significantly increased its Bitcoin exposure from 10% in 2020. The billionaire is a voice supporter of Bitcoin and is planning to create the first Bancoa Steca in Mexico to accept.
The revelation comes as Salinas aims to remove his flagship company, Grupo Elektra, from the open market. He says the move will free him from shareholders and allow him to run the business the way he wants.
Salinas has recently been facing turbulence, with Grupo Elektra's share price plunging 70% last year, wiping out nearly $5 billion in fortune. He remains trapped in a legal battle with the Mexican government over allegedly unpaid taxes.
But the big name remains rebellious and says, “Our business is going well despite all the problems in Mexico. Now I'm free to do my thing.”
Despite the legal battle and political uncertainty, Salinas continues to commit to Bitcoin as a central pillar of his financial strategy. He has emerged as one of Latin America's most influential supporters of Bitcoin.
Salinas' vocal support further validates the Bitcoin outlook as a long-term storehouse of value. If his bets pay off, the billionaire can solidify his legacy as one of Bitcoin's earliest corporate champions.
