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GlobalOtherEl Salvador's bold bitcoin move: Big assets secured in offline vault

El Salvador’s bold bitcoin move: Big assets secured in offline vault

El Salvador’s President Nayib Bukele announced a significant move in the country’s bitcoin strategy, revealing plans to transfer a substantial portion of its bitcoin holdings to a secure offline device.

This device will be stored within a physical vault located in the nation’s territory.

Bukele shared this decision on X, emphasizing its transparency and commitment to prudent financial management.

Currently valued at approximately $407 million, El Salvador’s bitcoin portfolio has attracted renewed attention due to …

Source video: B.C. Begley on YouTube

Source image: PIRO4D / Pixabay

Source: reuters.com

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