El Salvador Disperses Bitcoin Reserves Across Multiple Wallets to Boost Security and Transparency ● ●
El Salvador will split its $682 million Bitcoin reserve across multiple wallets, each capped at 500 BTC A new public dashboard will provide real-time transparency on national Bitcoin holdings
Last Friday, August 29th, El Salvadorʼs National Bitcoin Office announced that the country will restructure the way it manages its sovereign Bitcoin holdings. The government confirmed it will transfer its entire Bitcoin reserve—currently valued at around $682 million—from a single wallet into multiple addresses, with each capped at 500 BTC (about $54 million at current market rates). The move is designed to minimize security risks and strengthen government control over its digital assets. A Transparency-Driven Approach Alongside the redistribution, El Salvador will roll out a public dashboard to allow both citizens and international observers to monitor the countryʼs Bitcoin reserves in real time. The initiative underscores President Nayib Bukeleʼs push for transparency as a cornerstone of his administrationʼs cryptocurrency policy. By offering open access to its national Bitcoin balance, El Salvador is positioning itself as a global leader in state-level crypto governance.