Banco Azteca

Bitcoin

2026-07-04 01:30:14

Mexican Billionaire Ricardo Salinas Allocates 70% of His Portfolio to Bitcoin

Mexican billionaire Ricardo Salinas, owner of Grupo Salinas, said that 70% of his investment portfolio is now allocated to Bitcoin and Bitcoin-related assets. The remaining 30% is held in gold and shares of his own companies, while he holds no bonds and no stocks other than his own. This marks a major shift from 2020, when his Bitcoin exposure stood at just 10%, underscoring how strongly his conviction has grown over time. Salinas, whose net worth is estimated at $4.8 billion, has long been one of Latin America’s most outspoken Bitcoin advocates and has said he wants Banco Azteca to become the first bank in Mexico to accept Bitcoin. His comments come during a turbulent period: Grupo Elektra’s shares fell 70% last year, wiping out nearly $5 billion of his fortune, and he remains in legal disputes with the Mexican government over alleged unpaid taxes. Even so, Salinas has not backed away from Bitcoin. Instead, he continues to frame it as a central pillar of his financial strategy. His position adds to the broader narrative of Bitcoin as a long-term store of value and highlights how some high-profile business leaders are using BTC not as a side bet, but as a core portfolio allocation.

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Bitcoin

2026-07-02 16:00:14

Mexican Billionaire Ricardo Salinas Reveals 70% Bitcoin Allocation, Plans to Make Banco Azteca First Crypto-Friendly Bank

Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, disclosed in a recent interview that 70% of his investment portfolio is now allocated to bitcoin and bitcoin-related assets, with the remaining 30% in gold and shares of his own companies. He plans to make his bank, Banco Azteca, the first in Mexico to accept bitcoin. Despite facing a 70% plunge in Grupo Elektra's share price, a $5 billion fortune wipeout, and ongoing tax disputes with the Mexican government, Salinas remains a vocal bitcoin advocate. His conviction underscores bitcoin's growing role as a long-term store of value and institutional asset, making him one of Latin America's most influential crypto proponents.

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Mexican billi

2026-07-02 15:45:14

Mexican Billionaire Salinas: 70% Portfolio in Bitcoin, Betting on Digital Gold

Ricardo Salinas, billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that 70% of his investment portfolio is allocated to bitcoin and bitcoin-related assets. The remaining 30% consists of gold and shares in his own companies. He has increased his bitcoin exposure from just 10% in 2020. Salinas plans to make his bank, Banco Azteca, the first in Mexico to accept bitcoin. Meanwhile, he is delisting flagship firm Grupo Elektra to free himself from shareholders, despite a 70% stock price plunge last year that erased nearly $5 billion of his fortune and ongoing tax disputes with the Mexican government. He remains a vocal bitcoin advocate, viewing it as a core pillar of long-term value storage.

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