Official data published by the National Bitcoin Office of El Salvador reveals that the country has mined 474 BTC in the last three years, using the energy of the Tecapa volcano.
The National Bitcoin Office is an entity attached to the country's presidency, which was created with the objective of supervising efforts for the development of Bitcoin in the nation.
According to recent data published by this office, 1,5 megawatts of energy of the plant installed on the imposing Tecapa volcano have been used since 2021 to sustain the nation's crypto mining operations.
Nayib Bukele, president of El Salvador, has already installed 300 Bitcoin mining rigs in the volcano, generating a total of 474 BTC in the blockchain network to date.
El Salvador's Bitcoin holdings currently amount to 5.751,7 BTC, which are valued at more than $374 million, based on the market price of BTC at press time.
Ecological Bitcoin mining in El Salvador
In addition to being a significant addition to El Salvador's Bitcoin reserve holdings, with mining operations from the Tecapa volcano, the nation has also been demonstrating to the rest of the world that it is possible to mine bitcoins. ecological and sustainable.
Since 2021, El Salvador has received a lot of criticism for its adoption of Bitcoin as legal tender. However, its steadfast commitment to driving innovation in Bitcoin and blockchain technology has made it emerge as a dynamic, fast-growing economy today.
Moving towards tokenization in hotel investment
El Salvador is taking another important step towards digital transformation, promoting tokenization in the hotel industry.
Recently, the country presented the first tokenized hotel investment in the blockchain, which is intended to finance the construction of the Hampton by Hilton hotel, which will be the first hotel installed at the El Salvador International Airport.
With the launch of this first tokenized bond in El Salvador to build the first hotel at the International Airport, the country not only wants to encourage investment, but also seeks to move towards a new era of capital markets that is more transparent, secure and efficient.
