El Salvador Uses Bitcoin Profits to Build Animal Hospital

The president of El Salvador said on Saturday that the country will use the profits from its Bitcoin investment to build an “animal hospital.”

El Salvador has already made a lot of profit from its Bitcoin investment

President Nayib Bukele, who made Bitcoin legal tender in the country on September 7, wrote on Twitter that the country’s Bitcoin Trust had a surplus of $4 million. This is due to the price increase of the crypto currency.

Bitcoin is up 16% in the past week alone. Today the exchange rate stands at $56,400. That’s the highest value since May 2021. Bukele said the profits will be invested in an “animal hospital.” He posted a computer-generated video of the upcoming project. He wrote the following on twitter:

By the way, we do not sell Bitcoin. We use the trust’s dollars as it is currently worth more Bitcoin than when the trust was established