The North Korean hacker group Lazarus overtakes Elon Musk’s Tesla with its Bitcoin holdings, while the BTC price remains below $85,000 over the weekend.
According to data from Arkham Intelligence, the North Korean hacker group Lazarus Group holds more Bitcoin (BTC) than Tesla (TSLA), the electric car manufacturer led by Elon Musk. While Tesla continues to maintain its Bitcoin position, the hackers have massively expanded their crypto reserves through strategic attacks.
Lazarus Overtakes Tesla – 13,441 BTC
At the time of reporting, the Lazarus Group holds 13,441 BTC, equivalent to approximately $1.14 billion. This is 16 percent more than Tesla’s Bitcoin holdings of 11,509 BTC. Tesla acquired its Bitcoin four years ago and remains one of the largest publicly traded companies with significant crypto holdings.
The hacker group, which has close ties to the North Korean regime, recently stole $1.4 billion in Ethereum (ETH) through an attack on the crypto exchange Bybit. A large portion of the stolen funds was subsequently converted into Bitcoin. Bybit CEO Ben Zhou confirmed that 12,836 BTC have now been distributed across 9,117 different wallets.
Trump wants to make the US the crypto capital of the world
As the Lazarus Group continues to expand its holdings, political pressure on US companies to rethink their crypto strategies is also growing. President Donald Trump recently reiterated his intention to make the United States the “undisputed Bitcoin superpower.” This could prompt US companies to once again invest more heavily in crypto assets to avoid being left behind internationally.
Interestingly, the US government already holds 198,109 BTC worth over $16 billion. This comes from funds seized in law enforcement proceedings.
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