El Salvador Revamped its Bitcoin Reserves Strategy

El Salvador’s National Bitcoin Office is taking a proactive approach to protect its significant Bitcoin holdings, implementing a strategy of diversifying across multiple addresses. The move comes after a 6,284 BTC, or roughly $682 million at current prices, was transferred from a single wallet to 14 distinct addresses last Friday. This decision aims to mitigate risks associated with holding vast amounts of cryptocurrency and prepares the country for potential future threats like those posed by quantum computers.