El Salvador has mined 474 BTCs since 2021, and currently holds 5,750 BTCs.

El Salvador, which became the first nation to adopt Bitcoin (BTC) as legal tender, possesses the potential to hold 5,750 Bitcoins, according to a report from the Bitcoin Office. The Bitcoin Office, a government entity responsible for managing cryptocurrency-related projects, oversees El Salvador's Bitcoin dealings. As reported by Reuters, the nation has mined approximately 474 Bitcoins since 2021, utilizing geothermal power sourced from the Tecapa volcano. Data released on Tuesday revealed that the government's Bitcoin holdings are valued at over $354 million based on current market conditions. To monitor their Bitcoin Treasury, El Salvador launched a dedicated website on Tuesday. The nation's substantial Bitcoin wealth and website launch suggest a potential shift in El Salvador's financial landscape, leading to speculation about its future wealth status on a global scale. President Bukele confirmed that there are no plans to sell the country's vast Bitcoin holdings. Additionally, the government has installed 300 processors at the geothermal power plant to facilitate Bitcoin mining. The plant allocates 1.5 megawatts (MW) of its 102 MW production to cryptocurrency mining, leveraging renewable energy instead of polluting resources like coal or gas. The widespread adoption of Bitcoin mining in El Salvador appears to have strong government support, although the nation imports approximately one-fifth to one-quarter of its electricity to supplement its energy production needs. The remaining electricity is distributed among hydroelectric, geothermal, and fossil fuel-powered plants, with geothermal accounting for approximately a quarter of the country's energy due to its abundance of active volcanoes. As an industry predominantly reliant on coal-fired power plants, El Salvador stands out for prioritizing clean energy for its Bitcoin mining activities.