Following the arrest of President Nicolás Maduro, intelligence reports indicate that Venezuela may have accumulated a "shadow reserve" of 600,000-660,000 BTC, worth $60-670 billion, comparable to major institutional holders. It is reported that these hoards have been built since 2018 through gold swaps, oil-for-USDT settlements, and seized mining outputs, accounting for approximately 3% of the circulating Bitcoin supply. Analysts suggest that the US may freeze these assets or incorporate them into strategic reserves, potentially locking up supply and creating a bullish market narrative.