Summary
El Salvador moved $400 million of bitcoin into a cold wallet, increasing their holdings to 5,689.68 BTC. President Bukele referred to it as their first “Bitcoin piggy bank” and stored it in a physical vault within their national territory. The nation’s bitcoin treasury is now higher than previously thought, with plans to acquire more through various means.
Key Points
1. El Salvador moved $400 million of bitcoin into a cold wallet, referred to as their “first #Bitcoin piggy bank.”
2. The cold wallet was stored in a physical vault within El Salvador’s national territory, containing 5,689.68 BTC worth $411 million at Thursday’s prices.
3. This significant bitcoin treasury size surpasses previous estimations, with public trackers previously placing the nation’s holdings at less than 3,000 BTC ($205 million).