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Salvadoran President Nayib Bukele has announced that the country has transferred a significant amount of Bitcoin (BTC) it holds to cold storage wallets kept within its borders.
Sending Bitcoin to cold wallets signifies a plan to explore stricter security measures, and in most cases, it also indicates long-term storage. The Salvadoran leader emphasized that the entire investment might not make much sense, but highlighted it as "honest work."
It's worth noting that Nayib Bukele did not disclose the exact cold wallet addresses where the Bitcoin units were sent, but the community on X appreciated the transparency demonstrated.
El Salvador is diving deeper into Bitcoin. The country legalized Bitcoin as legal tender in September 2021. Since then, this Central American nation has maintained a Bitcoin investment strategy and has so far remained committed to it.
As the key strategist behind the Bitcoin strategy, Nayib Bukele's disclosure shows a deeper understanding of his ownership of BTC. He revealed that the wallet with the address tag "32ixEdV...wnqzo" received a total of 5,689.68 BTC. At the time of disclosure, the wallet's USD balance was $406,607,665.
We decided to transfer a large amount of #Bitcoin to a cold wallet and store that cold wallet in a physical gold vault within our country's territory. You can call it our first #Bitcoin piggy bank. |
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Post time 27-3-2024 06:54:31