2026-01-05 03:27:59

According to public data statistics, some analyses indicate that a certain country's regime has accumulated a massive digital asset "shadow reserve" over the past few years — with a total value of over $60 billion in Bitcoin and USDT.

How did this position come about? Let's rewind to 2018. Due to setbacks in earlier digital currency experiments, this regime began using USDT as an alternative settlement tool for crude oil transactions to circumvent traditional financial sanctions. But problems arose — although USDT is flexible, it still carries the risk of address freezing. What is the smart approach? Gradually converting USDT into Bitcoin, since BTC is truly a "hard asset."

Now, let's look at the specific composition of this holding. Between 2018 and 2020, Bitcoin accumulated through gold swaps, calculated at an average price of $5,000 at that time, now valued at approximately $45 billion to $50 billion. Additionally, the portion obtained from crude oil exports during 2023-2025 is currently worth about $10 billion to $15 billion. There are also BTC seized through mining confiscations in 2023-2024, valued at around $500 million.

In total, this hidden reserve of Bitcoin exceeds 600,000 coins, with at least over 660,000 coins, and a total value ranging from $56 billion to $67 billion. How significant is this number? It is enough to alter the financial landscape of some countries.

Interestingly, even if the regime's leadership changes, this Bitcoin reserve may not fall into the hands of a single faction. The next move in this game could become another intersection of geopolitics and the crypto world.

BTC-0,06%

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NotFinancialAdviser

· 23h ago

600,000 BTC? If this number is real, the game rules would have to be completely rewritten. Wait, this logic sounds a bit off to me. If USDT is risky, then switch to BTC, but different BTC addresses are easier to get frozen. Really, whoever holds the power in the end can move this money, and by then, the coin price might go crazy.

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AirdropHunter9000

· 01-07 20:13

Wait, over 600,000 BTC? Is this real? The value could rival the GDP of a small country. Could there be some inflated data?

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DeFiDoctor

· 01-06 21:33

600,000 BTC? These numbers need to be pulled out for diagnosis... The transaction records show a flaw in the logic of the holdings composition. How does the chain of swapping gold for BTC work? I don't understand. --- The idea of using USDT to swap for BTC to avoid freezing is indeed clever, but think about it—on-chain traces are still there, which is a strategic complication. --- The $56.6-67 billion numerical game, the question is: who can truly prove the flow of these 660,000 coins? It is recommended to regularly review the data sources. --- Interestingly, no one is discussing the liquidity risk of these holdings... Once this level of BTC needs to be moved, the market immediately gets into a tangle. --- Risk warning: regime change + massive BTC reserves = a geopolitical bomb, but a more painful question is—does this assumption even hold? --- Clinical evidence is clear—the strategy shift from USDT to BTC indicates that their trust in the traditional financial system has become critically damaged.

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RektRecorder

· 01-06 02:35

Over 600,000 BTC hidden in the shadows? If that's true, the entire market landscape would have to be reshuffled, and anyone who dares to move will be doomed.

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FudVaccinator