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International Business Times
International Business Times
Business
AFP News

El Salvador Stashes $406 Million In Bitcoin In 'Cold Wallet': Bukele

Bitcoin Nayib Bukele El Salvador Cryptocurrency
El Salvador's President Nayib Bukele said that his country has stored $406.6 million in bitcoin in an offline 'cold wallet' (Credit: AFP)

El Salvador's President Nayib Bukele said Thursday that his country has stored more than $400 million in bitcoin in an offline "cold wallet" as the cryptocurrency forges new record highs.

"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," Bukele said on social media site X.

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