Bybit News: North Korea Becomes One of the Largest Government Holders of Bitcoin, Raising Investor Concerns

North Korea’s $1.14 Billion Bitcoin Stash Puts It Among the Top 3 Government Holders

North Korea has quietly climbed the ranks to become one of the largest government holders of Bitcoin, surpassing even crypto-friendly nations like El Salvador and Bhutan. This is a major concern for crypto investors as Bitcoin in weak hands can raise the concern of liquidity, followed by a massive market crash if they try to sell these crypto assets to manage their countries’ financial position. The surge comes after the Lazarus Group—a state-backed hacking syndicate—pulled off a massive cyber heist, stealing over $1.4 billion in crypto from Bybit, with a large portion later converted into Bitcoin.

Bybit Launches Margin Staked SOL for Enhanced Earnings

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced Margin Staked SOL. This innovative product allows users to optimize their SOL earnings through leveraged borrowing and staking, with the ability to leverage up to 2x. As of Mar. 17, 2025, the net APR of Bybit Margin Staked SOL stood at over 13%, providing greater earning opportunities for users. By leveraging and staking SOL, Bybit users can significantly enhance their on-chain rewards through bbSOL.