- $678M in BTC moved to 14 cold wallets
- Action taken to counter future quantum hacking risks
- El Salvador continues to lead in Bitcoin adoption
El Salvador, the first country to adopt Bitcoin as legal tender, has taken a proactive step to secure its digital assets. The government recently moved approximately $678 million worth of Bitcoin into 14 separate cold wallets. This move is aimed at protecting the nation’s crypto reserves from potential threats posed by quantum computing.
Quantum computers, while still in early development, could one day break current cryptographic systems. Experts have long warned that once quantum technology matures, it could render existing Bitcoin wallets vulnerable to hacking. Recognizing this future risk, El Salvador is not waiting for the threat to become real — it’s acting now.
Why 14 Wallets and What It Means
The decision to split the holdings into 14 individual wallets is a strategic one. By decentralizing the storage, El Salvador reduces the risk of a single point of failure. If one wallet were somehow compromised, the majority of funds would still remain secure.
Each wallet is stored offline, or in “cold storage,” making them inaccessible via the internet and far safer from cyber threats. This method is widely regarded as one of the most secure ways to hold large amounts of cryptocurrency.
This isn’t just about storage — it’s a message to the world. El Salvador is signaling that it takes digital asset security seriously, not only in the present but for the long term.
A Bold Step in Bitcoin Leadership
President Nayib Bukele’s administration has been aggressive in embracing Bitcoin. From building a “Bitcoin City” to issuing Bitcoin bonds, the country continues to push boundaries. This latest move only strengthens its position as a pioneer in crypto adoption .
As other nations explore or debate Bitcoin use, El Salvador is preparing for the next evolution in technology. By mitigating future risks now, it reinforces both its commitment to the Bitcoin standard and its long-term vision for digital sovereignty.
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