Bitplanet to Buy $40M in Bitcoin, Launch South Korea’s First Global Institutional Bitcoin Treasury Company

On August 28, COINOTAG News, citing Bitcoin Magazine, reported that Paul Lee, Co‑Founder and Managing Partner of Lobo Ventures, stated at BITCOIN ASIA 2025 that Bitplanet will establish a Bitcoin treasury company and plans to allocate approximately $40 million to acquire Bitcoin, outlining a formal corporate capital allocation to increase direct crypto exposure on its balance sheet.

Lee framed the initiative as a step to create an institutional‑grade custody and asset management vehicle, aiming to position Bitplanet as South Korea‘s first global institutional Bitcoin financial company. The disclosure is presented as a reported corporate strategy; no unverified performance projections were included in the statement.