The president of El Salvador, Nayib Bukele, revealed during the weekend that profits from the Bitcoin holdings would be used to erect a pet hospital.
Bukele has confirmed that El Salvador’s Bitcoin Trust now has a surplus of $4 million after the price of BTC increased during the previous week. Bitcoin has been up 15.6% in the previous week, and today, it reached $55,274, which is the highest value it has had since late spring.
He added: “By the way, we’re not selling any #BTC, we are using the USD part of the trust since the #BTC part is now worth more than when the trust was established.”
The pet hospital will be able to handle 384 consultations and 128 emergencies.