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News Explorer — El Salvador's ‘Bitcoin City’ Gets $1.6 Billion Boost With Port Seaport Investment

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Aug 12, 11:01 pm

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El Salvador's ‘Bitcoin City’ Gets $1.6 Billion Boost With Port Seaport Investment

El Salvador has secured a $1.62 billion investment from Turkish holding company Yilport for the development of its seaports, including the La Union Seaport where Bitcoin City is planned. The investment is the largest private investment in the country's history and will create thousands of jobs and support local infrastructure. The project is part of President Nayib Bukele's vision for Bitcoin City, which aims to fund itself through Bitcoin mining.

El Salvador has secured a $1.62 billion investment from Turkish holding company Yilport for the development of its seaports, including the La Union Seaport where Bitcoin City is planned. The investment is the largest private investment in the country's history and will create thousands of jobs and support local infrastructure. The project is part of President Nayib Bukele's vision for Bitcoin City, which aims to fund itself through Bitcoin mining.

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