President of El Salvador Nayib Bukele announced a donation of 2 bitcoins, valued at approximately $133,000, to support the initiative to build 1,000 schools in Honduras. This decision aligns with the current strategy of the Salvadoran government, which has been purchasing one bitcoin daily since March 16, 2024.
El Salvador became the first country to officially recognize bitcoin as legal tender on September 7, 2021. As part of this policy, the Chivo Wallet state platform was launched, and citizens were offered a $30 bonus in bitcoins for installing it.
El Salvador is also actively engaged in bitcoin mining using geothermal energy from its volcanoes, and to date, the country's government holds 5,913 bitcoins.
The recent donation for school construction in Honduras demonstrates how El Salvador is using its bitcoin reserves for regional development and humanitarian aid.