El Salvador to build $4M veterinary hospital using profits from Bitcoin trust
Salvadoran president Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust. Salvadoran president Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador.Taking to Twitter on Oct. 10, Bukele revealed that El Salvador’s state-operated Bitcoin trust currently holds $4 million worth of profits gleaned from its recent Bitcoin embrace. Bukele announced that part....
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The government will use the “surplus” from its Bitcoin Trust account that currently contains 1,120 BTC. The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset.Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary of the Presidency tweeted:“When this project was started, we had not made as much money in FIDEBITCOIN [state BTC Trust account] as we have made....
What’s going on in Bitcoin country? Salvadoran smiles got rehabilitation and the Chivo Pets veterinary hospital is well underway. All of that and more made possible by the power of Bitcoin. Of course, not everything is sunny and positive. The Chivo Wallet keeps malfunctioning and bad actors are stealing people’s identities. Besides that, an Internet […]
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in the last few days.
Nayib Bukele Proposes Construction of Vet Hospital
Nayib Bukele, president of El Salvador, announced yesterday the construction of a veterinary clinic with funds coming from the country’s recently created bitcoin....
The Liberland Aid Foundation donated over an entire bitcoin to the Benjamin Bloom National Children's Hospital.
The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits.