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