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

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

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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.


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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:

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“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”

 

 

 

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Author

Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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