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El Salvador to use bitcoin gains to fund veterinary hospital, president says
Published by maria gbaf
Posted on October 11, 2021
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
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Published by maria gbaf
Posted on October 11, 2021
1 min readLast updated: January 29, 2026
El Salvador will use $4 million from Bitcoin gains to build a veterinary hospital, as announced by President Nayib Bukele.
By Nelson Renteria
SAN SALVADOR (Reuters) – El Salvador will invest some of the $4 million gains it has obtained from its bitcoin operations to build a veterinary hospital, President Nayib Bukele said on Saturday.
Bitcoin lost almost 10% of its value on Sept. 9, after the Central American nation became the first worldwide to authorize the cryptocurrency as legal tender https://www.reuters.com/technology/one-month-el-salvadors-bitcoin-use-grows-headaches-persist-2021-10-07. But it has surged more than 30% in the past week to its highest levels since May.
The Bitcoin Trust, which Congress authorized in August, with a balance of $150 million, now has a “surplus” of $4 million, Bukele said.
“So we decided to invest a part of that money in this: a veterinary hospital for our furry friends,” Bukele wrote on Twitter.
Bukele said the veterinary hospital would services for basic and emergency care as well as rehabilitation.
(Reporting by Nelson Renteria; Writing by Stefanie Eschenbacher; Editing by William Mallard)
The main topic is El Salvador using Bitcoin gains to fund a veterinary hospital.
Bitcoin surged more than 30% in the past week to its highest levels since May.
The hospital will provide basic, emergency, and rehabilitation services.
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