What is the difference between Bullish and North Korea?

Bullish and North Korea hold different amounts of Bitcoin in their treasuries. Bullish holds more BTC. Compare their total holdings, valuation, and treasury strategies.

Which entity holds more Bitcoin: Bullish or North Korea?

Bullish holds more Bitcoin in their treasury with approximately 23,800 BTC compared to North Korea with 13,562 BTC. Compare their treasury values and investment strategies.

Compare treasury holdings of Bullish and North Korea

Institutional crypto holdings — total value and allocation side by side.

Treasury A

Treasury B

	Bullish	North Korea
Total holdings	$1.96B	$1.10B
Type	Company	Government
Assets held	2 assets	1 assets

Holdings overview

BTC exposure and entity metadata.

	Bullish	North Korea
Bitcoin holdings	23,800 BTC	13,562 BTC
Country	US	KP
Recorded transactions	11	1

View Bullish View North Korea

Portfolio breakdown

Holdings amounts, values, and allocation percentages in one view.

Asset	Bullish	North Korea
Bitcoin BTC	23,800.00 $1.93B · 98.6%	13,562.00 $1.10B · 100.0%
Ethereum ETH	11,600.00 $27.37M · 1.4%	—

Amount, USD value, and portfolio weight per asset.

Recent transactions

Latest buys, sells, and balance changes — same layout as treasury detail pages.

Bullish

Date	Asset	Type	Amount	Value (USD)	Source
2026-06-30	Ethereum	SELL	-3,300.0000	$0	Source
2026-06-30	Bitcoin	BUY	100.0000	$0	Source
2026-03-31	Bitcoin	BUY	400.0000	$0	Source
2026-03-31	Ethereum	BUY	700.0000	$0	Source
2025-12-31	Bitcoin	SELL	-1,100.0000	$0	Source
2025-12-31	Ethereum	SELL	-7,100.0000	$0	Source
2025-09-30	Ethereum	BUY	8,700.0000	$0	Source
2025-09-30	Bitcoin	BUY	100.0000	$0	Source

North Korea

Date	Asset	Type	Amount	Value (USD)	Source
2025-03-17	Bitcoin	BUY	13,562.0000	$0	Source

Frequently asked questions

Answers about these treasuries and how holdings are calculated.

What is Bullish?

Bullish is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

What is North Korea?

North Korea is an entity (company, institution, or government) that holds cryptocurrency as part of its treasury reserves or investment strategy.

Why do companies hold Bitcoin in treasury?

Companies hold Bitcoin for various reasons: as a hedge against inflation, to diversify treasury reserves, for potential appreciation, or as part of their business strategy.

How are treasury holdings tracked?

Treasury holdings are tracked through public disclosures, SEC filings, press releases, and blockchain analytics. Public companies must disclose material holdings.

How is total holdings value calculated?

Total holdings value is calculated by multiplying the amount of cryptocurrency held by its current market price. Values update in real-time based on market prices.