Bitcoin Reserve Speculation: North Korea Moves

North Korea Becomes Fourth Largest Bitcoin Holder

• North Korea has surpassed Bhutan and El Salvador in Bitcoin holdings.
• The Lazarus Group, linked to North Korea, holds 13,518 BTC valued at $1.13 billion.
• The US is the largest Bitcoin holder with 198,109 BTC ($16.47 billion).
• China and the UK hold 195,000 BTC ($16.18 billion) and 61,245 BTC ($5.1 billion), respectively.

North Korea’s rise in Bitcoin holdings follows a significant conversion of stolen ETH to BTC by the Lazarus Group, making it the fourth largest holder globally.