El Salvador's first tokenized debt raise failed! BTC daily fixed investment continues

Bitfinex launched a tokenized debt issuance in April and expected to raise $6.25 million to build and develop a complex at El Salvador International Airport. Unexpectedly, the fundraising situation was not ideal. According to Cointelegraph’s report, on the first deadline, Bitfinex only raised $342,000 from investors, so it decided to refund investors. However, Bitfinex hopes that the issuer will re-establish new issuance conditions. , and then restart fundraising.

Tokenized debt collection for airport construction failed

El Salvador, the first country in the world to use Bitcoin as a legal currency, has launched various construction plans in full swing this year with the rise of Bitcoin, and this time the tokenized debt Issued for the construction and development of a complex located at the Salvador International Airport.

The construction plan is to develop a five-storey facility covering an area of ​​4,484 square meters, with 80 rooms, five commercial spaces and other hotel facilities, including swimming pools, restaurants, gyms, gardens and function rooms. It is expected to create approximately 1,000 jobs during the construction phase and up to 5,000 direct and indirect jobs during the operational phase.

El Salvador has bought 5,804 Bitcoins

El Salvador has bought a lot of Bitcoins, and its profits have been huge this year. President Nayib Bukele announced El Salvador's "National Wallet" on March 15 and nicknamed it "the first Bitcoin deposit box bank." He also said that he has started a daily fixed investment plan on March 16, buying 1 Bitcoin every day, and currently owns 5,804.76 Bitcoins, worth approximately US$321 million.

Nayib Bukele was re-elected as president this year with an overwhelming 87.7% of the vote. At the same time, he also broke the record of the country and became the first president of the country to be re-elected in the democratic era. This also allows Bitcoin to serve as legal tender for another five years. According to data from the tracking platform NAYIB BUKELE PORTFOLIO TRACKER, its Bitcoin holding cost is US$43,522. Calculated at the current Bitcoin price of 55,100, its unrealized profits and losses amount to US$66.68 million.

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