El Salvador has mined 473 BTC, with a total Bitcoin investment of $356 million.
El Salvador has mined 473 Bitcoins since 2021. Since recognizing Bitcoin as legal tender in 2021, the country has gradually introduced many government-related services that can be paid in Bitcoin. In addition to the Bitcoins it has mined, its total Bitcoin investment portfolio has reached $356 million.
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El Salvador has Mined 473 Bitcoins
According to a report by Reuters, the government of El Salvador has been "mining" Bitcoin using volcanic energy as a power source and has mined a total of 473 Bitcoins so far. Out of the 102 megawatts (MW) produced by state-owned power plants, 1.5 MW is allocated for cryptocurrency mining.
It is reported that mining pools including Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool have integrated resources in El Salvador, collectively verifying Bitcoin transactions mined from the power plants over the past three years.
El Salvador Holds 5,750 Bitcoins
El Salvador recently launched a mining data website named "Bitcoin Office," where anyone can check the status of its Bitcoin treasury at any time.
El Salvador made significant profits from purchasing a large amount of Bitcoin this year. President Nayib Bukele announced the country's "national wallet" on March 15 and referred to it as the "first Bitcoin piggy bank." He also revealed a daily investment plan starting from March 16, buying 1 Bitcoin per day. The country currently holds 5,750.76 Bitcoins, valued at approximately $356 million.
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