The government of El Salvador has announced the acquisition of private investments totaling $1.6 billion—the largest in the country’s history. These funds have been provided by the Turkish holding company Yilport and will be allocated to key infrastructure projects.
A portion of the investment will be used to modernize the port of Acajutla, enhancing its capacity and improving economic ties with other countries. Additionally, a significant portion of the funds will go toward the construction of a new port in La Unión, where the ambitious Bitcoin City project—first proposed by El Salvador’s president in late 2021—is set to be developed. Bitcoin City is envisioned as an innovative hub, integrating technology and cryptocurrencies to drive economic growth and attract new investments to the country.
According to Bitcoin Office, El Salvador already holds 5,840.76 BTC (approximately $345 million) and continues to increase its cryptocurrency reserves by 1 BTC daily. These investments in cryptocurrency are part of the government’s long-term strategy to strengthen the national economy and enhance the country’s financial independence.
