According to Bloomberg, Mexican billionaire Ricardo Salinas plans to privatize his company Grupo Elektra SAB as early as May to get rid of open market restrictions and operate its own business. Salinas is currently engaged in legal proceedings with the Mexican government over a 6.3 billion pesos (about US$3 billion) tax dispute while trying to recover funds lost due to a loan fraud. In November 2023, Elektra applied for a trading suspension to prevent the sale of shares in Salinas 'pledged loans. Subsequently, its share price plummeted 70%, causing its net worth to be reduced by approximately US$5 billion. Salinas said Elektra would restructure its business units after privatization and may seek partners rather than financing through debt or equity. He also revealed that 70% of his investment portfolio consists of bitcoin-related assets and 30% is gold and gold mining company stocks.