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Venezuela has been accumulating crypto assets since 2018. The regime once exchanged approximately 2 billion USD worth of gold earnings for about 40,000 Bitcoins, with an average price of 5,000 USD.
Additionally, between 2023 and 2025, Venezuela acquired approximately 10 billion to 15 billion USD worth of crypto assets through crude oil trade, and due to USDT's freezing capabilities, they converted these assets into Bitcoin. Venezuela is ranked as the fourth largest Bitcoin holder globally. If these assets are confiscated, they could be held in custody by the US Treasury and enter long-term lock-up, thereby reducing the circulating supply in the market!