El Salvador sells a third of its bitcoins
The investors have invested $300 million in the country's bitcoin-backed bonds
08.12.2021 - 14:05
974
1 min
0
What’s new? Samson Mow, a representative of the Canadian blockchain Blockstream, reported on Twitter that the investors have invested $300 million in El Salvador's bitcoin-backed bonds. In total, the country plans to sell $1 billion worth of bonds.
EBB1: 300M / 1B #Bitcoin 🌋🇸🇻— Samson Mow (@Excellion) December 6, 2021
What are the details of the deal? Mow clarified that the aforementioned amount is still a “verbal commitment” and a formal contract has yet to be drawn up. Nevertheless, 30% of El Salvador's bitcoin bonds (BB1) have already sold out a few weeks before their release. The securities themselves will appear in circulation in early 2022.
Why is El Salvador selling bitcoins? The country plans to invest half of the proceeds in the infrastructure of the world's first cryptocurrency city, Bitcoin City, and in mining the digital currency. The other half will be used to buy more bitcoins.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$62 766
BTC
-0.14%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.1
XRP
-0.86%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.078978
DOGE
-1.6%
-
Zcash
$417.06
ZEC
-1.6%
-
Stellar XLM
$0.192441
XLM
-1.49%
-
Cardano
$0.151384
ADA
-2.09%
-
Polkadot
$3.32
DOT
+5.27%