El Salvador’s @BitcoinOfficeSV is up more than $468M on its Bitcoin bet.
Their national reserve now sits at ~$700M, a 150% unrealized gain.
But the real story is how @nayibbukele chose to have the funds held.
Until last week, El Salvador’s entire reserve of over 6,300 BTC was held in a single wallet.
Now, the government has split its holdings across 14 addresses, each with no more than 500 BTC.
Distributing risk across wallets reduces exposure and makes any compromise less catastrophic.
For institutions, the takeaway should be that no single weakness should be able to take you down.
→ Layering treasury defenses across multiple wallets
→ Reducing concentration risk before it’s exploited
→ Evolving custody practices to stay ahead of threats
Concentrating billions in a single address creates a massive single point of failure.
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