Congress spent three years asking if America should buy Bitcoin.
Delta Force answered in one weekend.
US Strategic Reserve: 327,000 BTC
Venezuela’s alleged shadow reserve: 600,000 BTC
Combined: 927,000 BTC
The Senate proposed buying 1 million BTC. Stalled in committee. Budget gridlock. Political theater.
Delta Force just delivered 93% of the target through extraction. Not legislation.
How Venezuela built it:
2018: 73 tons of gold exported through Turkey and UAE. Converted to BTC at $3,000-$10,000.
2023-2025: 80% of oil revenue collected in Tether. Washed into Bitcoin to avoid freeze risk.
2024: Private mining banned. Thousands of ASICs seized. State accumulated.
The reference class:
Germany sold 50,000 BTC in July 2024. Market crashed 15-20%.
Venezuela’s alleged stash is 12x larger.
But Germany sold. The US holds.
Executive Order March 2025: “The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve.”
3% of total supply. Locked in legal limbo for 5-10 years. Synthetic halving.
The problem nobody’s discussing:
Maduro is in a New York jail cell.
The man who controls the keys isn’t.
Alex Saab. Maduro’s financial architect. Multi-signature cold wallets designed by Swiss lawyers. Keys dispersed across operatives in multiple jurisdictions.
Welcome to seed phrase diplomacy.
The new great game isn’t fought with aircraft carriers.
It’s fought with cryptographic keys.
Every scenario except “holdings don’t exist” is bullish.
Seized and held: Supply shock.
Keys lost forever: Permanently dormant. Same effect.
Oil is the headline every network is running.
Bitcoin is the trade nobody is discussing.
Delta Force answered in one weekend.
US Strategic Reserve: 327,000 BTC
Venezuela’s alleged shadow reserve: 600,000 BTC
Combined: 927,000 BTC
The Senate proposed buying 1 million BTC. Stalled in committee. Budget gridlock. Political theater.
Delta Force just delivered 93% of the target through extraction. Not legislation.
How Venezuela built it:
2018: 73 tons of gold exported through Turkey and UAE. Converted to BTC at $3,000-$10,000.
2023-2025: 80% of oil revenue collected in Tether. Washed into Bitcoin to avoid freeze risk.
2024: Private mining banned. Thousands of ASICs seized. State accumulated.
The reference class:
Germany sold 50,000 BTC in July 2024. Market crashed 15-20%.
Venezuela’s alleged stash is 12x larger.
But Germany sold. The US holds.
Executive Order March 2025: “The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve.”
3% of total supply. Locked in legal limbo for 5-10 years. Synthetic halving.
The problem nobody’s discussing:
Maduro is in a New York jail cell.
The man who controls the keys isn’t.
Alex Saab. Maduro’s financial architect. Multi-signature cold wallets designed by Swiss lawyers. Keys dispersed across operatives in multiple jurisdictions.
Welcome to seed phrase diplomacy.
The new great game isn’t fought with aircraft carriers.
It’s fought with cryptographic keys.
Every scenario except “holdings don’t exist” is bullish.
Seized and held: Supply shock.
Keys lost forever: Permanently dormant. Same effect.
Oil is the headline every network is running.
Bitcoin is the trade nobody is discussing.