Friday, September 19, 2025

Latest

El Salvador Shelves Bitcoin Bond Debut Amid Unfavourable Market Conditions

El Salvador decided to postpone the offering of its $1 billion bond last week, citing unfavourable market conditions.

El Salvador’s finance minister Finance Minister Alejandro Zelaya announced on Tuesday the country will not be moving forward with its planned bitcoin bond debut originally scheduled for March 15-20, due to heightened volatility across cryptocurrency markets in response to the Russia-Ukraine conflict.

“I think this is not the time. There are some moves on the planet,” he said, adding that the ideal time for the issuance is in the first half of the year. Since reaching a record-high of $67,500 back in November, bitcoin has shed almost half of its value, and is currently trading at around $42,680 at the time of writing. As a result, the country’s government will likely postpone the bond’s issuance until sometime in September. But, according to Zelaya, the bond is expected to have a “substantial oversubscription,” potentially reaching $1.5 billion.

Back in November, El Salvador President Nayib Bukele announced plans to construct a “Bitcoin City” using money fundraised from the sale of the bonds, which earn holders an annual coupon rate of 6.5%. Half of the funds are earmarked for additional bitcoin purchases, while the other half will be allocated towards building infrastructure for bitcoin mining, which would be powered by geothermal energy.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Ray Dalio: US Debt Crisis Looms, But Gold Still Better Than Bitcoin

Bridgewater Associates founder Ray Dalio has kept his Bitcoin investment to “little, like 1% kind...

Monday, January 27, 2025, 02:04:00 PM

Cathie Wood’s Ark Invest Files Petition With SEC to Create Bitcoin ETF

Despite the latest onslaught of scrutiny facing bitcoin across a number of countries, long-time bitcoin...

Tuesday, June 29, 2021, 02:44:00 PM

Bitcoin: Is China The Reason For The Drop? – The Daily Dive

Joining us today on the Daily Dive is that of Charlie Morris, founder and Chief...

Tuesday, June 29, 2021, 01:30:00 PM

Binance Ends Stock Token Support Immediately Following Additional Regulatory Crackdowns

It appears that Binance is finally waving the white flag. The company this morning issued...

Friday, July 16, 2021, 08:49:10 AM

Binance Resumes Bitcoin Withdrawals, Adjusts Fees To Prevent Future Congestion

Binance has resumed bitcoin withdrawals following a second pause, as the Bitcoin network experiences extraordinary...

Monday, May 8, 2023, 08:04:15 AM