El Salvador Redistributes Bitcoin Holdings to Mitigate Risks

According to PANews, El Salvador has redistributed its Bitcoin holdings, previously stored in a single address containing 6,274 Bitcoins valued at $678 million, into 14 new addresses. This move, reported by Cointelegraph, aims to minimize the potential impact of quantum attacks by dividing the funds into smaller amounts. The Bitcoin Office of El Salvador stated in a post on X that each Bitcoin address will now hold a maximum of 500 BTC, enhancing security measures.