Salvadoran President Nayib Bukele announces the transfer of 5,689 bitcoins to a physical vault cold wallet and publicly reveals the address, demonstrating his commitment to bitcoin and transparency. This move has gained support and enthusiasm from the crypto community, and the country’s cold wallet has received multiple donations, including contributions from Rare Satoshi and Ordinals.
(Summary:
Salvadoran Bitcoin investment earns a profit of $83 million! Legendary investor Tim Draper: Will become the wealthiest country in the world.)
(Background:
Salvadoran Bitcoin investment earns over 40% profit! President Bukele: Our pessimistic experts have gone silent.)
Since 2021, El Salvador has officially adopted Bitcoin as legal tender, setting a global precedent. President Bukele has also actively promoted several Bitcoin policies, including the development of wallets, a $1 billion Bitcoin bond, and an investment citizenship program.
Bukele transfers 5,689 bitcoins to a cold wallet and publicly reveals the address
Today, Bukele announced a significant move on X. He also publicly disclosed the address of the cold wallet, further solidifying the country’s commitment to Bitcoin and transparency. According to Bitcoin browser Mempool data, the wallet currently holds 5,689 bitcoins, worth approximately $381 million.
In addition, NayibTracker data shows that the Salvadoran government treasury holds an additional 2,864 bitcoins, worth approximately $191 million. Previously, Bukele stated that these 2,864 bitcoins were not included in the government’s earnings from services such as the passport program, mining, and assisting local businesses in converting Bitcoin to USD.
Community praises Salvadoran cold wallet for receiving airdrops
This move has received much praise, with HODL15Capital responding, “Truly appreciate this transparency! This demonstrates the spirit of Bitcoin!”
Furthermore, according to Ordinals browser data, the wallet has received many airdrops from the community, including approximately $700 worth of satoshis (also known as sats, or “聰” in Chinese, which is one hundred millionth of a BTC). Some of these donations include rare satoshis marked as “Pizza” and “Retro.” The Pizza satoshis refer to the famous event in which early Bitcoin contributor Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC on May 22, 2010. The Retro satoshis refer to the satoshis mined within the first 1000 Bitcoin blocks.
There are also over 67 donations from Ordinals, including BRC-20 tokens, texts, images, 3D artifacts, and even a copy of the “Cypherpunk Manifesto” written by Eric Hughes in 1993.
Not only that, but over 56 transactions have been sent to the cold wallet address, with the majority being small transfers. These donations showcase the support and enthusiasm of the crypto community. In response, Gerson Martínez, strategist of the Salvadoran Bitcoin mining project Volcano Energy, expressed his joy on X.
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Source: Ordinals Browser – Ordiscan
Note: The translation of specific terms such as “sats” and “HODL15Capital” may vary depending on the preferred translation in the target language.