El Salvador Splits $683M Bitcoin Reserve Amid Quantum Fears, Sparking Selloff Speculation
El Salvador’s National Bitcoin Office has announced it will redistribute its 6,285 BTC. Worth about $683 million into multiple wallets of 500 BTC each to strengthen security.
Officials say the move reduces exposure to potential future quantum computing threats by limiting public key reuse and will be tracked via a public dashboard for transparency. While experts argue Bitcoin remains safe from quantum attacks for now. Some analysts view the shift as a red flag. Jacob King of Whalewire suggested the government may be preparing to sell, noting that fresh wallets could ease discreet offloading through OTC desks and exchanges.
Clever Robot News Desk 1st September 2025
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