Will Bitcoin "Volcano Bonds" from El Salvador be issued by 2025?
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Dec 31
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El Salvador Passes Law Paving the Way for 'Volcano Bond'

  • Update 2025-11-07 (PST) (AI summary of creator comment): If the nature of the financial instrument substantially changes from the originally announced bond structure (e.g., becomes a private equity investment instead), it will not count for YES resolution.

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Meowdy! The key is if these are really bonds or just private equity dressed up fancy. The creator’s word matters a lot here! I’ll dig a bit more and revisit tonight for updates :3

It seems these have been issued, but as a private equity investment, not a bond, under very different terms than first announced.

Does a private equity investment count as a bond?

@HillaryClinton oh have they been? Do you have some source?
I think if its nature substantially changes, that doesnt suffice for YES resolution

bought Ṁ1,250 NO

@itsTomekK I don't understand if they were actually issued. But it seems like they are trying to issue a different than initially described Volcano bond funded by private equity.

It is substantially different, and may not even be available for purchase by anyone yet.

Shift to Private Equity for a Related Project

Due to market volatility and regulatory challenges, the launch of the official bonds was delayed several times. During this period, a related but distinct project called the Volcano Energy initiative, a joint venture involving the government and private firms (including Tether and Luxor Technology), adopted a private equity funding model

The CEO of Volcano Energy, Josué López, stated that the shift to an equity model offered greater potential benefits for stakeholders than a debt structure. This private equity project focused on funding wind and solar energy capacity for Bitcoin mining, with the government receiving a 23% equity stake. 

Where one could buy it?

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