The president of El Salvador, Nayib Bukele, has published the address of the cold wallet where the country’s bitcoins will be stored: bitcoiners are sending donations to the address.
On March 15th, through a tweet, the president of El Salvador, Nayib Bukele, announced the transfer of a large portion of the country’s bitcoins reserves to a cold wallet. The cold wallet will then be stored in a physical vault within the national territory.
“You can call it our first Bitcoin piggy bank,” Bukele stated.
El Salvador’s reserves
The number of bitcoins owned by the country is 5,689.68 BTC, a significantly higher number compared to the data reported by the Nayibtracker website. The country’s accumulation plan began on November 16th, 2022, when Bukele announced that the government would start purchasing 1 BTC per day.
Bitcoin donations
Bukele’s disclosure of the address has led some users to start sending small amounts of bitcoin as donations. The government’s move has been positively received by the Bitcoin community: some users have likened the country’s cold wallet to the first Fort Knox of Bitcoin.
