El Salvador to Issue $1 Billion in BTC Bonds and Use $500 Million of It to Buy More BTC

2021-11-21 15:14:23 Primitive Reading

Nov. 21 (Bloomberg) -- The president of El Salvador has confirmed that he is building the first bitcoin city and will issue $1 billion in BTC bonds on the bitcoin sidechain Liquid. By issuing Bitcoin bonds to fund the construction of Bitcoin City's infrastructure. El Salvador's president plans to use $500 million of the $1 billion BTC bond to buy more bitcoin.

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