Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
El Salvador splits bitcoin holdings between 14 addresses to 'enhance security' against quantum threats

El Salvador splits bitcoin holdings between 14 addresses to 'enhance security' against quantum threats

The BlockThe Block2025/08/29 16:00
By:By Zack Abrams

Quick Take El Salvador’s National Bitcoin Office split its BTC holdings between 14 addresses as an added safeguard against quantum threats. Analysts have said the quantum computing threat to bitcoin remains years away. The office claims to buy one BTC each day, though the country’s top finance ministers told the IMF in July that the government has not bought bitcoin since February of this year.

El Salvador splits bitcoin holdings between 14 addresses to 'enhance security' against quantum threats image 0

The National Bitcoin Office of El Salvador, which stewards the country's reserve of nearly 6,300 BTC, announced on Friday it split the reserve between 14 different addresses, to improve security, especially against quantum computing threats. 

Under the direction of pro-bitcoin President Nayib Bukele, the office claims to purchase one BTC every day and add it to the country's strategic bitcoin reserve. The reserve currently holds 6,284 BTC, worth more than $682 million at current prices, according to the office's website . Until Friday, the reserve was held in a single address. Following the announcement, the office's holdings were split between 14 new addresses, none containing more than 500 BTC, onchain data show . 

The move "aligns with best practices in Bitcoin management and prepares for potential developments in quantum computing," the office's announcement states . "Limiting funds in each address reduces exposure to quantum threats because an unused Bitcoin address with hashed public keys remains protected."

Quantum computing poses a potential threat to Bitcoin’s ECDSA signatures, and thus the network's security, though Bernstein analysts said last year that any practical threat to the world's most valuable cryptocurrency remains "decades away," The Block previously reported . 

The office's claims of Bitcoin purchases run counter to a signed statement from the country's central bank president and minister of finance, telling the IMF that El Salvador's public sector hasn't bought BTC since February of this year, under the terms of a loan agreement with the IMF. Neither Bukele nor his office has addressed the July IMF report directly, though the office continues to announce daily purchases on X . 


0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

This Week's Preview: Macro "Flood Release" Week—Delayed CPI and the Bank of Japan's "Rate Hike Pursuit"

Key global market data will be released this week, including the U.S. non-farm payroll report, CPI inflation data, and the Bank of Japan's interest rate decision, all of which will significantly impact market liquidity. Bitcoin prices are fluctuating due to macroeconomic factors, while institutions such as Coinbase and HashKey are striving to break through via innovation and public listings. Summary generated by Mars AI This summary was generated by the Mars AI model. Its accuracy and completeness are still being iteratively improved.

MarsBit2025/12/15 05:05
This Week's Preview: Macro "Flood Release" Week—Delayed CPI and the Bank of Japan's "Rate Hike Pursuit"

Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?

The Federal Reserve is cutting interest rates and starting bond purchases, while Japan and other regions may turn to rate hikes. Silver repeatedly hits record highs, SpaceX is set for a 1.5 trillion IPO, and Oracle becomes the litmus test for the AI bubble. The Russia-Ukraine peace process is stuck on territorial issues, the US seizes a Venezuelan oil tanker... What exciting market events did you miss this week?

Jin102025/12/15 03:34
Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?
© 2025 Bitget