Nayib Bukele Affirms Part Of Profits From Bitcoin To Build Animal Hospital

JAKARTA - El Salvador will invest part of the $4 million profit it made from bitcoin operations to build a veterinary hospital. This was confirmed by President Nayib Bukele on Saturday, 9 October.

Bitcoin lost nearly 10% of its value on September 9, after the Central American nation became the first country in the world to authorize cryptocurrencies as legal tender. But it has jumped more than 30% in the past week to its highest level since May.

We'll start building this pet hospital with our #BTC profits. pic.twitter.com/ontf9xiZJT

— Nayib Bukele (@nayibbukele) October 10, 2021

“The Bitcoin Trust, which Congress passed in August, with a balance of $150 million, now has a "surplus" of $4 million, Bukele said.

"So we decided to invest some of the money in this: a veterinary hospital for our furry friends," Bukele wrote on Twitter. Bukele said the veterinary hospital would provide basic and emergency care and rehabilitation.