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Rumors swirl about Venezuela’s “shadow” Bitcoin reserve
Unconfirmed reports suggest that Venezuela may have accumulated a massive off-books crypto reserve, allegedly up to 600,000 BTC. According to sources, back in 2018 the regime sold around 73 tons of gold and may have converted the proceeds into Bitcoin to bypass potential freezes by the U.S. Treasury. It’s also claimed that by late 2025, a large share of oil trade settlements was conducted in USDT, with funds later funneled into BTC as a final store of value. If true, this would be one of the largest covert state-level Bitcoin positions ever. For now, it remains a rumor, but an intriguing one
#crypto