El Salvadors Bitcoin-backed Volcano Bonds have exceeded expectations, raising over $2 billion in their first week of trading. The innovative bonds, backed by Bitcoin and geothermal energy, have attracted significant international interest. President Bukele hailed the success as validation of the countrys Bitcoin strategy.
The funds will be used to further develop El Salvadors Bitcoin City project and expand the nations renewable energy infrastructure. https://www.bloomberg.com/news/articles/2025-03-13/el-salvador-s-volcano-bonds-raise-2-billion-in-first-week