{"id":11626,"date":"2024-03-15T11:15:50","date_gmt":"2024-03-15T09:15:50","guid":{"rendered":"https:\/\/forklog.com\/en\/el-salvador-reveals-bitcoin-address-holding-400-million\/"},"modified":"2024-03-15T11:15:50","modified_gmt":"2024-03-15T09:15:50","slug":"el-salvador-reveals-bitcoin-address-holding-400-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/el-salvador-reveals-bitcoin-address-holding-400-million\/","title":{"rendered":"El Salvador Reveals Bitcoin Address Holding $400 Million"},"content":{"rendered":"<p>The government of El Salvador has transferred its acquired bitcoins to a cold wallet &#8220;within the country&#8217;s territory.&#8221; President Nayib Bukele disclosed the address holding 5689.69 BTC (~$406.6 million).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;ve decided to transfer a big chunk of our <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> to a cold wallet, and store that cold wallet in a physical vault within our national territory.<\/p>\n<p>You can call it our first <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> piggy bank ??<\/p>\n<p>It&#8217;s not much, but it&#8217;s honest work ? <a href=\"https:\/\/t.co\/dqzedykxT1\">pic.twitter.com\/dqzedykxT1<\/a><\/p>\n<p>\u2014 Nayib Bukele (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1768425845163503738?ref_src=twsrc%5Etfw\">March 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;You can call it our first Bitcoin piggy bank. It&#8217;s not much, but it&#8217;s honest work,&#8221;<\/em> commented the head of state.<\/p>\n<\/blockquote>\n<p>The number of coins is nearly double the amount (2381 BTC) previously associated with El Salvador by specialized aggregators such as <a href=\"https:\/\/www.buybitcoinworldwide.com\/treasuries\/#countries\">Buy Bitcoin Worldwide<\/a>.<\/p>\n<p>On March 12, Bukele announced that the country has additional sources of income in the first cryptocurrency.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/36254\" data-width=\"100%\"><\/script><\/p>\n<p>On February 28, the head of state estimated the unrealized profit from investments in digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-unrealized-bitcoin-gains-reach-41-million\">at 40% or $41.6 million<\/a>.<\/p>\n<p>Earlier in February, Nayib Bukele was <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-advocate-nayib-bukele-re-elected-as-president-of-el-salvador\">re-elected<\/a> as President of El Salvador. He promised to continue <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-to-maintain-bitcoin-strategy-following-re-election\">following the Bitcoin strategy<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government of El Salvador has transferred its acquired bitcoins to a cold wallet &#8220;within the country&#8217;s territory.&#8221; President Nayib Bukele disclosed the address holding 5689.69 BTC (~$406.6 million). We&#8217;ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1278,1156,57],"class_list":["post-11626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-el-salvador","tag-institutional-investors-and-whales","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11626"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11625"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}