Seoul | October 27, 2025 —
Bitplanet, a publicly listed South Korean company, has officially begun its daily Bitcoin accumulation program, purchasing 93 BTC on October 26 as part of a bold plan to build a 10,000 BTC corporate treasury.
The move marks South Korea’s first fully regulated Bitcoin purchase by a listed firm — a milestone moment for corporate crypto adoption in Asia.
💼 Aiming to Be “Korea’s Bitcoin Treasury Company”
Bitplanet, traded on the KOSDAQ under ticker 049470, is positioning itself as Korea’s version of a Bitcoin treasury firm, similar to the strategy used by U.S. company MicroStrategy.
Backed by Metaplanet CEO Simon Gerovich, Bitplanet unveiled its $40 million digital asset plan earlier this year at Bitcoin Asia 2025.
🏦 Regulatory Oversight & Transparency
Co-CEO Paul Lee said the company has implemented enhanced compliance and governance systems under the oversight of the Financial Services Commission (FSC).
Lee noted that Bitplanet has been quietly accumulating Bitcoin over the past two weeks through a regulated platform designed for transparency and risk control.
“We are committed to building Korea’s first fully compliant Bitcoin treasury operation,” Lee said.
This approach comes as South Korea prepares for its Digital Asset Basic Act, which will take effect in 2027 — establishing unified rules for token custody, accounting, and corporate crypto ownership.
📈 Bitcoin Market Rebounds
Bitplanet’s entry into Bitcoin follows a strong rebound in the crypto market.
Bitcoin surged 6.7% this week to around $115,200, recovering from lows near $107,000 after a $19 billion liquidation event earlier in October.
Renewed optimism stems from:
- Softer U.S. inflation data, raising expectations of a Federal Reserve rate cut in December.
- Strong ETF inflows, with over $600 million entering Bitcoin and Ethereum products last week — signaling renewed institutional demand.
💰 From IT Roots to Crypto Finance
Formerly known as SGA Co., Ltd., Bitplanet reported ₩75.5 billion ($55M) in annual revenue and ₩4.7 billion ($3.4M) in net income last year.
The firm has now pivoted from cybersecurity and IT services to a Bitcoin-focused financial model, backed by strategic investors including Sora Ventures, which recently launched Asia’s first $1 billion Bitcoin treasury fund.
🌍 Regional Trend Toward Bitcoin Treasuries
Bitplanet joins a growing wave of Asian firms adding Bitcoin to corporate balance sheets, following Japan’s Metaplanet and Singapore-based Sora Ventures.
The move reflects a broader shift toward Bitcoin as a strategic reserve asset — especially as Asian regulators begin to establish clearer frameworks for crypto ownership.
“We’re operating under a stricter interpretation of current guidance to prepare for the Digital Asset Basic Act,” Lee said. “Our goal is to lead corporate Bitcoin adoption in Asia.”
Summary:
- Bitplanet buys 93 BTC, first purchase in a 10,000 BTC plan.
- First regulated Bitcoin purchase by a Korean listed company.
- Comes amid Bitcoin’s rally to $115K, driven by ETF inflows and rate-cut hopes.
- Reflects Asia’s accelerating shift toward corporate Bitcoin treasuries.
