El Salvador Moves 6,283 BTC into 14 Quantum-Proof Wallets
El Salvador has redistributed its entire 6,283 BTC reserve into 14 separate wallets capped at 500 BTC each, mitigating single-address exposure and potential quantum-computing threats to elliptic-curve cryptography. A new public dashboard now enables real-time tracking of each address, boosting transparency and accountability.
Under President Nayib Bukele, the National Bitcoin Office continues to purchase one BTC daily, bringing total reserves to over $682 million. Separately, the Legislative Assembly passed an Investment Banking Law that allows regulated banks to hold Bitcoin and offer crypto services to accredited investors.
By segmenting its Bitcoin holdings and updating custodial frameworks, El Salvador applies standard risk management practices and strengthens its position as a global digital-assets hub. Traders can monitor on-chain movements and gauge institutional adoption through the new dashboard.
Neutral
Short-term, the redistribution of Bitcoin reserves into smaller wallets and the launch of a public dashboard have minimal direct impact on BTC’s market price, as there were no large-scale buys or sells involved. Daily purchases of one BTC by the National Bitcoin Office represent only a minor inflow compared to global trading volumes.
Long-term, enhanced security via quantum-proof wallet segmentation and the new Investment Banking Law may foster institutional confidence and broader adoption. Enabling regulated banks to hold Bitcoin and offer crypto services could increase future demand, supporting Bitcoin’s market stability over time.