El Salvador bonds emerged as top gainers in emerging-market debt, fueled by Bitcoin’s surge past $100,000. Bitcoin’s btc-3.12%Bitcoin price movement catalyzed a rally for El Salvador bonds on Dec. 5, according to Bloomberg’s indicative pricing data for sovereign-issued debt due in 2035 and 2041. “This is the first time in history that Bitcoin has driven sovereign bonds up...
Bitfinex Securities is launching a tokenized debt offering to fund the construction of a new Hilton hotel. According to the Bitfinex press release, the new hotel will be at the El Salvador International Airport. The token will be issued under the ticker HILSV, which will be available for trading in exchange for U.S. dollars and the USDT...
El Salvador has shifted a significant portion of its Bitcoin (BTC) assets into a secure cold wallet, as announced by President Nayib Bukele. The Central American nation, under newly re-elected President Nayib Bukele’s guidance, revealed its considerable Bitcoin holdings, totaling 5,689.68 BTC, currently valued at over $386 million. This relocation into an offline vault within the nation’s borders...
El Salvador’s President Nayib Bukele recently shared insights on X about the nation’s Bitcoin investments, revealing a potential profit margin of over 40% from its holdings. Bukele highlighted that despite previous criticisms during Bitcoin’s price lows the current market upswing would result in substantial gains if the assets were liquidated now. El Salvador, which adopted Bitcoin as legal tender alongside the...
