El Salvador recently made headlines by announcing its decision to store a significant amount of Bitcoin (BTC) in a physically secured cold wallet. This move has already attracted Bitcoin enthusiasts who have made donations to the wallet in the form of rare sats and Ordinals.

President Nayib Bukele of El Salvador unveiled the country’s new “Bitcoin piggy bank” on March 14. A portion of the country’s Bitcoin holdings will now be stored in a cold wallet placed in a physical vault within the national territory.

The wallet currently holds a balance of $388 million in Bitcoin, as reported by Bitcoin explorer Mempool. Additionally, the wallet has received donations in the form of 67 Ordinals, including BRC-20 tokens, text inscriptions, images, and even a copy of the “Cypherpunk Manifesto.”

Moreover, the wallet has received approximately $700 in satoshi donations, some of which are labeled as “pizza” and “vintage” sats. The donations include historical sats such as those used to purchase two Papa John’s pizzas back in 2010.

Overall, 56 transactions have been sent to El Salvador’s new wallet address, with most of them being small value transfers. The community has shown support for this initiative, with donations pouring in from Bitcoin enthusiasts.

The 5,689 Bitcoin in the wallet is a significant increase from the previously held 2,864 BTC. President Bukele has clarified that this balance does not include Bitcoin earned through various government initiatives.

El Salvador utilized multisig authorization for the transactions, with the largest transfer of 4,000 BTC occurring shortly after the announcement. President Bukele, who was recently reelected, has been a key figure in El Salvador’s Bitcoin adoption since 2021.

With El Salvador leading the way in Bitcoin adoption, it raises questions about the future of Bitcoin payments and how they could make a comeback as a mainstream form of currency.

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