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President Nayib Bukele Says El Salvador Will Use Bitcoin Profits To Fund Pet Hospital

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Mark Brennan
Author: Mark Brennan
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El Salvador will invest some of the $4 million in profits it made through its bitcoin operations to construct a veterinary hospital.


 

The Bitcoin Trust, which El Salvador Congress approved in August, and which a balance of 150 million, has a “surplus” of $ 4 million, Bukele said.

President Nayib Bukele said:

“Bitcoin is good for pets.”

 

He said:

“We’ll start building this pet hospital with our BTC profits.”

 

He further explained:

“By the way, we’re not selling any BTC, we’re are using the USD part of the trust, since the BTC part is now worth more than when the trust was established.”

 





Bukele stated that the veterinary hospital will provide emergency and basic medical services in addition to rehabilitation.

“So we decided to invest a part of that money in this:

A VETERINARY HOSPITAL for all our furry friends. Which will include:

  • 12 Basic offices
  • 4 Emergency clinics
  • 4 Operating rooms
  • Rehabilitation area
  • Isolations
  • Hospitalizations
  • Recovery”

 

 

 

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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