El Salvador will invest some of the $ 4 million in profits from its bitcoin operations to build its veterinary hospital, President Naib Bougain said on Saturday.
Bitcoin lost nearly 10 percent of its value on September 9, after the Central American country became the first global country to recognize cryptocurrency as a legal tender.
But it has risen more than 30 percent in the past week and is at its highest level since May. Mr Buckell said the Bitcoin Foundation, which approved a $ 150 million balance in Congress in August, now has a $ 4 million “surplus”.
“So we decided to invest a portion of that money in this: a veterinary hospital for our furry friends,” Mr Bugel wrote on Twitter. The veterinary hospital is said to provide basic and emergency care and rehabilitation services.