South Korean public company Bitplanet has completed its first purchase of 93 BTC, marking the beginning of an aggressive treasury strategy to accumulate significant Bitcoin reserves.
Supported by Metaplanet CEO Simon Gerovich and Sora Ventures, the company has officially begun a daily Bitcoin accumulation plan, aiming to position itself as a pioneer in corporate Bitcoin adoption.
Bitplanet Targets 10,000 BTC as Corporate Interest Grows
Bitplanet says its acquisition is the first of its kind among South Korea’s publicly listed companies. The firm plans to accumulate 10,000 BTC, supported by $40 million in funding and a strategic business rebrand.
Co-CEO Paul Lee stated that the company’s approach “allows for legitimate and prudent risk management” as it builds long-term reserves in Bitcoin. Lee also revealed that Bitplanet had already been buying Bitcoin daily for two weeks before the announcement, with all transactions monitored and disclosed through platforms supervised by South Korea’s Financial Services Commission (FSC).
The accumulation comes as Bitcoin rebounds from the liquidation of $19 billion in futures positions earlier this month, while renewed Bitcoin ETF inflows exceeding $446 million have helped restore market momentum.
Regulation and Market Outlook
In August 2025, Bitplanet confirmed its shift from operating as SGA Co. to a Bitcoin-focused treasury model. Originally founded in 1997 and known for its work in cybersecurity and infrastructure, the company is now betting on digital assets as a core strategic direction.
South Korea’s Digital Assets Law, introduced in June 2025, will create unified standards for crypto accounting on corporate balance sheets by 2027. According to Lee, Bitplanet is “already applying stricter interpretations of FSC guidelines” to stay ahead of regulatory changes and ensure a smooth transition.