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El Salvador Splits $678 Million Bitcoin Reserve Across 14 New Wallets

Officials frame the move as a quantum-risk precaution focused on limiting exposure when public keys are revealed.

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.