Where Is Nayib Bukele Actually Storing El Salvador’s Bitcoin?

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Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

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“We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory,” President Nayib Bukele, who made history by declaring bitcoin legal tender in September of 2021, said Thursday on X. With something like $400 million in bitcoins at stake, the mind reels with the possibilities of what just he means.

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