El Salvador Redistributes $678M Bitcoin Reserves Across Multiple Wallets

El Salvador, the first country to adopt Bitcoin as legal tender, has redistributed its Bitcoin reserves from a single wallet into 14 new addresses to enhance security and mitigate future quantum computing risks. Each new address holds up to 500 BTC, roughly $54 million, and the total holdings, valued at approximately $682 million, are tracked on a public dashboard to maintain transparency. The move addresses concerns that reusing a single address exposes public keys to potential quantum attacks, which could theoretically compromise Bitcoin’s cryptography if quantum computing technology advances sufficiently. While experts agree current quantum computers pose no immediate threat, the country’s National Bitcoin Office aims to future-proof its digital assets as the technology evolves. This strategy underscores El Salvador’s ongoing commitment to securing its cryptocurrency investments and leading innovation in digital currency adoption. Industry voices have noted that quantum threats remain speculative, and Bitcoin’s protocol could adapt if needed.