Back in 2018, the regime reportedly sold around 73 tons of gold, and according to sources, converted the proceeds into Bitcoin to bypass freezes imposed by the U.S. Treasury.

Additionally, it is claimed that by the end of 2025, a significant portion of oil payments was conducted in USDT, which were then converted into BTC, effectively building a crypto-backed reserve outside traditional financial oversight.

Experts suggest this could give Venezuela a strategic financial buffer and potential leverage in global oil markets, though exact holdings remain unverified.