598: EL SALVADOR TO MINE BITCOIN USING GEOTHERMAL ENERGY FROM VOLCANOES!! MICROSTRATEGY RAISES $1.6B!
Bitcoin is heating up - some may say erupting - as Latin American country El Salvadore plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners.
In other trending Bitcoin News today: MicroStrategy gets $1.6 billion in orders in junk bond offering - four times the initially sought amount. Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). One day later, the firm announced it would increase its bond offering to $500 million, after which it was inundated with $1.6 billion worth of orders.
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