El Salvador Will Use Bitcoin Profits to Fund Veterinary Hospital

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El Salvador will invest some of the $4 million in profits it has reaped from its bitcoin operations to build a veterinary hospital, President Nayib Bukele said on Saturday.

“So we decided to invest a portion of that money in it: a veterinary hospital for our four-legged friends,” Bukele wrote on Twitter.

Bukele said the veterinary hospital will provide services for basic and emergency care as well as rehabilitation.

Bitcoin lost nearly 10% of its value on September 9, after the Central American country became the first in the world to allow cryptocurrency as legal tender. But it strengthened more than 30% last week to its highest level since May.

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The Bitcoin Trust, which was approved by Congress in August, with a balance of $150 million, now has a “surplus” of $4 million, Bukele said.

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