Among the latest news on El Salvador, the new reality visible to the world stands out: the website where you can track the Country’s Bitcoin Treasury. In fact, by doing so, the strategy implemented by the President of El Salvador, Nayib Bukele, to “buy a bitcoin a day” is now in front of everyone’s eyes.
El Salvador news: Nayib Bukele’s strategy of “buying one bitcoin a day” is visible to everyone
Yesterday, the new online platform of El Salvador was announced, providing public access to data on the country’s BTC investments through a custom mempool.
Basically, through the website, anyone can track the Bitcoin Treasury of El Salvador.
On this subject, it is possible to verify the famous strategy implemented by President Nayib Bukele already in November 2022: “buying one bitcoin a day until BTC becomes inaccessible with fiat currencies”.
And so, while yesterday the total capital owned by El Salvador was 5,748.76 BTC, today, the total on the website is instead 5,749.76 BTC. The daily Bitcoin was therefore purchased by the country and verified on its portal.
Nayib Bukele also shared the news on his X profile, currently followed by 6.1 million followers
El Salvador bought another #Bitcoin today 
President Bukele said they'll buy 1 #BTC every day "until Bitcoin becomes unaffordable with fiat currencies." 
pic.twitter.com/s08iYN6dTW
— Bitcoin Magazine (@BitcoinMagazine) May 13, 2024
“El Salvador bought another #Bitcoin today. President Bukele said they will buy 1 #BTC every day ‘until Bitcoin becomes inaccessible with fiat currencies’.”
El Salvador news: the first Bitcoin-based capital raise airing on Bitfinex
Another novelty for the country that made Bitcoin legal tender in 2014, shared by Paolo Ardoino, CEO of Tether and CTO of Bitfinex.
The next phase in the development of El Salvador’s bitcoin economy is coming tomorrow.
Disintermediating traditional finance and making capital and investments available for everyone.
Watch @bfxsecurities https://t.co/GO14IePgHt
— Paolo Ardoino 
(@paoloardoino) May 12, 2024
“The next phase of El Salvador’s Bitcoin economy development is coming tomorrow. Disintermediating traditional finance and making capital and investments available to everyone. Watch @bfxsecurities”
Tomorrow marks the beginning of a new era in capital markets based on bitcoin. El Salvador’s first capital raise on @Liquid_BTC will be broadcast on @BFXSecurities
Basically, on Bitfinex Securities, a government company of the iFinex group, the first capital raise of El Salvador will soon be available, with the issuance of new tokens powered by Liquid Network, the Bitcoin sidechain.
The project refers to the new debt tokens in “Volcano Bond” style, which will be used to raise the capital needed to build a large hotel complex near the international airport of the South American country.
The structure is called Hampton by Hilton and covers 4,484 square meters on five levels. The new debt token is called HILSV, and aims to raise 6.25 million dollars with a 10% premium and a duration of 5 years with a minimum investment of $1000.
The construction of the hotel financed with HILSV will seek to ensure a significant flow of tourists to El Salvador, as well as the creation of about 6000 jobs. At the same time, the formula behind HILSV will allow small investors to be part of this investment, breaking down barriers to microcredit.
The price of BTC
Meanwhile, the price of BTC continues to fluctuate around $62,000. In the last week, in fact, BTC has reached price lows of $60,300 and highs of $64,200.
In the last 24 hours, the trading volume of the queen of crypto has increased by 60%.
While its market cap remains at $1.220 billion, slightly higher than a week ago.