North Korea's Lazarus Group has significantly increased its Bitcoin holdings to 13,518 BTC, valued at approximately $1.13 billion, following the conversion of stolen Ethereum from the $1.4 billion Bybit hack. This amount surpasses the Bitcoin reserves of El Salvador and Bhutan, positioning North Korea as the third-largest government entity in terms of Bitcoin ownership, after the United States and the United Kingdom. The surge in North Korea's Bitcoin stash is attributed to the recent Bybit hack, where the Lazarus Group stole 499,000 ETH worth $1.39 billion. The hackers laundered the funds through decentralized platforms, including THORChain, and converted a significant portion into Bitcoin. North Korea is reportedly building a strategic reserve with these assets.