Trump to Receive 30–50 Million Barrels from Venezuela; Bitcoin Seizure Uncertain

Beincrypto reports President Donald Trump announced Tuesday that Venezuela’s “interim authorities” would transfer 30 to 50 million barrels of oil to the United States, days after US forces captured Nicolás Maduro in a military raid. Trump posted on Truth Social that the oil would be “sold at its market price,” with proceeds “controlled by me, as President of the United States.” At roughly $56 per barrel, the transfer could be worth up to $2.8 billion.

The White House has scheduled an Oval Office meeting on Friday with executives from Exxon, Chevron, and ConocoPhillips; Trump ordered Energy Secretary Chris Wright to execute the plan immediately, with storage ships to transport the oil directly to US ports. Venezuela holds the world’s largest proven crude reserves.

With oil now headed to Washington, attention has turned to Venezuela’s alleged Bitcoin holdings. Some reports claim the Maduro regime accumulated a “shadow reserve” of Bitcoin to circumvent international sanctions. Estimates vary: Project Brazen reported roughly $60 billion in Bitcoin, citing unnamed sources, while Bitcointreasuries.net puts the figure at just 240 BTC (about $22 million).

Key Topics

Politics, Donald Trump, Venezuela, Nicolás Maduro, Exxon, Bitcoin