El Salvador places sovereign Bitcoin into physical cold storage
President Nayib Bukele says a substantial share of El Salvador's Bitcoin will be transferred to a cold wallet stored in a physical vault.
On March 15, 2024, El Salvador places sovereign Bitcoin into physical cold storage. President Nayib Bukele says a substantial share of El Salvador's Bitcoin will be transferred to a cold wallet stored in a physical vault.
The government disclosed a cold-storage arrangement and public address for a substantial portion of its Bitcoin, making sovereign holdings more independently observable and shifting custody away from purely online arrangements.
The event provides a distinct historical marker within Bitcoin's 2024 institutional, technical, legal or cultural development.