Overview
- ONBTC confirmed redistributing roughly 6,274–6,280 BTC into 14 unused addresses with a 500 BTC cap per address.
- A new public dashboard tracks the aggregate reserve, replacing a single, repeatedly reused address previously used for transparency.
- Splitting funds reduces the amount exposed when coins are spent, but analysts note it does not make the reserve quantum-proof.
- Researchers say today’s quantum machines are not an immediate practical threat to Bitcoin’s cryptography, though future upgrades remain an option.
- Reaction is mixed, with Adam Back praising the custody approach as best practice and Michael Saylor calling quantum fears overstated.