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El Salvador President Uses Bitcoin to Help Build Schools in Honduras

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Table of Contents

  • President Bukele donated $133,000 in Bitcoin to build schools in Honduras.
  • The donation was made to support “Students Helping Honduras.”
  • El Salvador continues to implement pro-bitcoin campaigns in the Nation.

El Salvador President Nayib Bukele just donated $133,000 worth of Bitcoin in a fundraising event looking to build a thousand schools in Honduras.

The donation of 2 BTC was sent to Shin Fujiyama – a Japanese philanthropist responsible for “Students Helping Honduras”, a non-profit organization focused on raising money to build schools in Honduras.

To gather funds for the project, Fujiyama live streams his marathon running and shares his journey with supporters. The precise moment of Bukele’s donation was captured live on TikTok after the Japanese philanthropist had run over 3,000 kilometers to raise funds for the project.

Following the donation, Fujiyama thanked El Salvador’s president, stating that he himself was an inspiration to kickstart Students Helping Honduras.

President Bukele and His Pro-Bitcoin Government

El Salvador is widely regarded as one of the most pro-crypto nations in the world. The country was the first to adopt Bitcoin as legal tender, and since 2021, it has adopted a heavy dollar-cost averaging (DCA) strategy, purchasing one Bitcoin every day.

The Central American nation was also the first to create a physical bank exclusively responsible for storing digital assets. Also, Bukele implemented a national BTC wallet “Chivo”, and incentivized El Salvadorians to adopt the currency with a $30.00 BTC stimulus.

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Matt Alinafe

My name is Matt, and I've been covering the world of cryptocurrencies for nearly half a decade. I have a deep passion for understanding how crypto is shaping our future and enjoy diving into the news that highlights these changes. I'm particularly interested in how Bitcoin, Altcoins, and blockchain technology impact economies and societies worldwide.

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