El Salvador’s Bitcoin holdings reach $373M

According to a report by the country’s “Bitcoin Office,” a government entity overseeing all Bitcoin-related projects, El Salvador could hold up to 5,750 BTC.

Since 2021, the nation has mined nearly 474 BTC by harnessing the geothermal power generated from the Tecapa volcano. Official data shared with Reuters by the power plant reveals that the government’s Bitcoin holdings accounted for over $354 million, but recent appreciation increased that sum to $373 million.

President Nayib...