Nayib Bukele Donates $133K in BTC to Support Education in Honduras

El Salvador’s President Nayib Bukele has donated 2 Bitcoins, valued at approximately $133,000, to fund a project to build 1,000 schools in Honduras. 

The recipient of this donation is Shin Fujiyama, a prominent philanthropist and the founder of Students Helping Honduras, an organization dedicated to combating poverty through education. 

El Salvador Adopts BTC for Humanitarian Work

Fujiyama is currently undertaking a 3,000-kilometer charity run to raise funds for the school-building initiative. In a heartfelt video, he expressed his gratitude to President Bukele for the generous contribution, highlighting the inspiration he draws from the president’s commitment to Bitcoin.

🇸🇻❤️🇭🇳 pic.twitter.com/AFWUXEdEv6

— Nayib Bukele (@nayibbukele) October 23, 2024

The donation reflects Bukele’s ongoing efforts to integrate BTC into everyday life and leverage it for social good. Despite facing challenges in Bitcoin adoption, Bukele remains steadfast in his vision for its future, recently confirming the country’s policy of acquiring one BTC daily.

The latest donation reflects Bukele’s goal to use Bitcoin for economic and humanitarian initiatives. It also emphasizes the importance of education in enhancing communities in Honduras.

Enhancing BTC Adoption

Since making Bitcoin a legal tender in September 2021, El Salvador has implemented various initiatives to enhance its adoption. Notably, in May, the government mined 474 BTC using geothermal energy from the Tecapa volcano.

In line with its commitment to transparency and accountability regarding its Bitcoin holdings, the El Salvadoran government has launched a dedicated website to publicly disclose information about its treasury holdings, as reported by CoinTab.

In a separate initiative, the El Salvadoran government is set to receive over $1.6 billion in private investment from Turkish firm Yilport Holdings to advance its ambitious Bitcoin City project and improve its ports. 

Yilport Holdings will focus its funding on two major seaports: Acajutla and La Union. The La Union port, which has been largely inactive due to outdated infrastructure and limited shipping activity, will be operated by Yilport Holdings in collaboration with the Autonomous Executive Port Commission (CEPA) for the next fifty years. The rollout of this $1.6 billion investment is scheduled to begin at the end of the year.