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
571
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 Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 893
BTC
+0.64%
-
Ethereum
$3 296.08
ETH
-1.76%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.41
XRP
+24.85%
-
Dogecoin
$0.399966
DOGE
+1.95%
-
Cardano
$0.889119
ADA
+11.36%
-
Bitcoin Cash
$476.1
BCH
-2.77%
-
Polkadot
$6.08
DOT
+2.74%
-
Stellar XLM
$0.287901
XLM
+19.3%
-
Litecoin
$88.39
LTC
-2.11%