El Salvador Has Thousands More Bitcoins Than Previously Known
March 15, 2024
El Salvador has moved over 5,000 BTC into a cold wallet, nearly doubling its known stash of the digital asset.
The country's President, Nayib Bukele, referred to the new setup as "our first #Bitcoin piggy bank" and stored the cold wallet in a physical vault within the national territory.
This revelation shows that El Salvador has been holding more bitcoins than previously believed, with public trackers placing its trove at less than 3,000 BTC.
The majority of the bitcoin held in the cold wallet came from Bitfinex, according to Arkham Intelligence.
El Salvador BTC UTXOs
https://www.blockchain.com/explorer/addresses/btc/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo
Bitcoin Balance
5699.74984418• $404.367.840