Bitplanet Inc., a publicly traded South Korean company, has purchased 92.67 BTC through a regulated domestic exchange, marking the first such acquisition by a listed firm in the country. The company now holds about 93 BTC, valued at roughly $10.9 million, as part of a strategy to build a treasury of up to 10,000 BTC.
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Historic Purchase: Bitplanet’s buy represents the inaugural direct Bitcoin acquisition by a South Korean public company via licensed channels.
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Strategic Reserve: The firm views Bitcoin as a key asset for long-term treasury diversification, aiming to accumulate gradually.
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Funding Boost: Backed by a recent $40 million raise, Bitplanet plans daily purchases to reach 10,000 BTC, supported by data from industry trackers showing top holders at 12,000 BTC minimum.
Discover how Bitplanet’s Bitcoin purchase signals growing corporate adoption in South Korea. Explore the strategy behind building a 10,000 BTC treasury and its implications for Asian markets. Stay informed on crypto trends today!
What is Bitplanet’s Bitcoin Treasury Strategy?
Bitplanet’s Bitcoin treasury strategy involves systematically acquiring Bitcoin as a reserve asset to enhance corporate financial resilience. The KOSDAQ-listed company recently bought 92.67 BTC at an average price of $117,647 per coin, bringing its total holdings to approximately 93 BTC, worth about $10.9 million as of October 26, 2025. This move underscores a commitment to regulated, incremental accumulation through South Korea’s licensed cryptocurrency exchanges.
How Does Bitplanet Plan to Reach 10,000 BTC?
Bitplanet aims to build a substantial Bitcoin treasury of up to 10,000 BTC over time by conducting daily purchases via compliant platforms, minimizing market timing risks associated with large transactions. To fund this initiative, the company raised $40 million last month, providing the necessary capital for sustained buying amid fluctuating prices. According to financial data from Yahoo Finance, Bitplanet’s shares (049470.KQ) closed at 1,932 KRW on the latest trading day, reflecting a 2.12% increase, which signals investor confidence in this pivot.
The strategy builds on Bitplanet’s recent restructuring, including the full acquisition of SGA Co. Ltd. for $50 million in September 2025, transitioning from IT and cybersecurity services to a Bitcoin-focused model. Industry experts, such as those from UTXO Management, one of the firm’s backers, emphasize that such gradual accumulation aligns with best practices for corporate crypto adoption, reducing volatility exposure. Bitplanet’s investors, including Simon Gerovich from Metaplanet and representatives from AsiaStrategy, Sora Ventures, and Kingsway Capital, highlight the potential for Bitcoin to serve as a hedge against inflation in Asia’s evolving economic landscape.
This approach is particularly timely given South Korea’s anticipated Digital Asset Basic Act, set to take effect by 2027, which will standardize rules for crypto custody and corporate holdings. By leveraging regulated infrastructure, Bitplanet positions itself as a pioneer, potentially elevating South Korea’s role in global Bitcoin treasuries.
Bitplanet plans to build a treasury of up to 10,000 BTC and recently raised $40 million to help fund the ongoing purchases.
Bitplanet Inc., a KOSDAQ-listed company, has announced that it recently purchased 92.67 bitcoin (BTC) through a regulated South Korean cryptocurrency exchange.
In a post on X, the company said it now holds roughly 93 BTC, valued at about 10.9 million USD (approximately 156.4 billion KRW) as of October 26, 2025. The company purchased these at an average price of about $117,647 per bitcoin.
For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea — culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,… pic.twitter.com/hEmpvh9fUL
— Bitplanet Inc. (@Bitplanet_KR) October 26, 2025
The purchase is notable as the first instance of a publicly traded company in South Korea acquiring bitcoin entirely through the country’s licensed financial infrastructure. Bitplanet said it plans to continue buying bitcoin daily through regulated channels as part of an ongoing treasury strategy.
The firm shared that it views bitcoin as a strategic reserve asset and intends to build its position gradually rather than through large one-time transactions, aiming to reduce timing risk.
Long-term accumulation plan
Bitplanet has indicated that its longer-term plan is to build a treasury of up to 10,000 BTC. To support this plan, it raised $40 million last month. The company said these funds will help sustain ongoing bitcoin purchases and give it flexibility as market conditions change.
In September, Bitplanet completed the full acquisition of SGA Co. Ltd. in a deal valued at about $50 million, giving it full ownership of its former operating subsidiary. The firm previously ran under the SGA name as an IT and cybersecurity provider before restructuring toward a bitcoin-focused corporate treasury model.
The investor roster backing the company includes Metaplanet’s Simon Gerovich, AsiaStrategy, Sora Ventures, UTXO Management, and Kingsway Capital. Industry benchmarks suggest that joining the world’s top corporate BTC holders would require at least 12,000 BTC.
As of the latest close, shares of BITPLANET Co., Ltd. (049470.KQ) traded at 1,932 KRW, up 40 KRW (+2.12%), according to Yahoo Finance.
Why this matters
Corporate bitcoin adoption in Asia remains limited, particularly among public companies operating under domestic regulatory regimes. Of the world’s top listed bitcoin holders, Japan’s Metaplanet is currently the only Asian firm in the top five, with more than 30,000 BTC after its most recent accumulation in October.
If Bitplanet eventually reaches its 10,000 BTC target, it would become the first South Korean company, and potentially the second major Asian firm, to appear alongside U.S. institutions in global bitcoin treasury rankings.
The move comes ahead of South Korea’s Digital Asset Basic Act, which was introduced in 2025 and is expected to take effect by 2027. The law is designed to create unified rules for custody and corporate crypto holdings.
Also Read: Bitcoin Could Still Crash 50% Even With Wall Street Support: Tom Lee
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TAGGED:Crypto ExchangeSouth Korea
Frequently Asked Questions
What Makes Bitplanet’s Bitcoin Purchase Historic for South Korea?
Bitplanet’s acquisition of 92.67 BTC marks the first time a publicly traded South Korean company has bought Bitcoin directly through a licensed domestic exchange. This compliant approach adheres to local regulations and sets a precedent for other firms, valued at about $10.9 million as of late October 2025.
How Will South Korea’s Digital Asset Basic Act Impact Corporate Bitcoin Holdings?
South Korea’s Digital Asset Basic Act, effective by 2027, will establish clear guidelines for crypto custody and corporate ownership. It aims to foster secure adoption, potentially encouraging more companies like Bitplanet to integrate Bitcoin into their treasuries through standardized, regulated practices that protect investors.
Key Takeaways
- Pioneering Move: Bitplanet’s purchase is the first by a South Korean public company using local licensed exchanges, highlighting regulatory compliance in crypto adoption.
- Funding and Growth: With $40 million raised and plans for daily buys, the company targets 10,000 BTC, backed by investors like Metaplanet’s Simon Gerovich.
- Market Implications: Success could position South Korea prominently in Asia’s Bitcoin landscape, especially with upcoming laws like the Digital Asset Basic Act.
Conclusion
Bitplanet’s Bitcoin treasury strategy and recent purchase exemplify the rising momentum in corporate crypto adoption across Asia, particularly in South Korea’s regulated environment. By aiming for 10,000 BTC through methodical accumulation, the company not only diversifies its assets but also paves the way for broader institutional involvement. As regulatory frameworks like the Digital Asset Basic Act evolve, Bitplanet’s initiatives could inspire a new wave of innovation, urging investors to monitor these developments closely for emerging opportunities in the global Bitcoin market.
