- Bitplanet became the first Korean listed company to purchase 93 BTC through a regulated domestic exchange.
- The company plans to continue daily Bitcoin purchases with a target treasury of up to 10,000 BTC.
- Supported by major institutional backers, Bitplanet is leading Bitcoin adoption among South Korean companies.
Bitplanet has made history in South Korea by becoming the first publicly listed company to acquire Bitcoin (BTC) through a regulated domestic exchange, marking a notable milestone in the nation’s financial evolution.
The Kosdaq-listed technology firm recently acquired 92.67 BTC, valued at roughly $10.9 million, signalling a new chapter for corporate acceptance of digital assets in the country.
Korea’s first regulated corporate Bitcoin purchase
With this acquisition, Bitplanet positions itself as a pioneer of compliant Bitcoin adoption within Asia’s evolving financial ecosystem.
This is the first recorded instance of a listed company obtaining Bitcoin via an authorized exchange operating inside South Korea’s regulated financial infrastructure.
The purchase was carried out fully under the supervision of the Financial Intelligence Unit (FIU), demonstrating growing institutional confidence that Bitcoin can serve as a legitimate and strategic financial asset.
Headquartered in Seoul, the company emphasized that this move is not speculative trading but a deliberate, rules-based undertaking.
Co-CEO Paul Lee described the acquisition as the beginning of a disciplined, long-term accumulation plan designed to position Bitcoin as a strategic treasury reserve while mitigating timing risk.
Executed in full compliance with domestic financial law, the deal is expected to serve as a milestone that encourages other listed firms to follow suit.
Notably, Bitplanet’s timing coincided with a recent strong rally in Bitcoin prices—driven by optimism around potential Federal Reserve rate cuts and inflows into exchange-traded funds—which saw BTC rise past $115,000.
By choosing this moment for its initial purchase, Bitplanet signalled confidence not only in market sentiment but also in Bitcoin’s long-term role as a corporate asset.
From IT roots to a Bitcoin finance company
Founded in 1997 as SGA Corporation, Bitplanet has deep roots in IT, cybersecurity, and edtech services.
In September 2025, the company rebranded to Bitplanet to reflect an extensive strategic shift toward blockchain and Bitcoin-focused ventures.
The rebrand followed a full acquisition of SGA earlier in the year for $50 million and the completion of a $40 million fundraising round to support its new financial strategy.
That strategic transformation underscores Bitplanet’s vision to become South Korea’s first institutional Bitcoin treasury management company.
The company has developed a regulated infrastructure for compliant digital asset management, including custody solutions, secure storage, and real-time auditing systems that meet governmental and financial oversight standards.
Bitplanet’s leadership says the company will accumulate Bitcoin regularly through licensed domestic exchanges, with a long-term goal of building a reserve of up to 10,000 BTC.
This steady, systematic approach is intended to limit exposure to market volatility and mirrors strategies employed by other corporate adopters, such as Japan-based MetaPlanet, one of Bitplanet’s prominent backers.
Backed by global Bitcoin supporters
Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors.
Its backers include groups and firms known for promoting institutional Bitcoin adoption worldwide, such as Simon Gerovich of MetaPlanet, Asia Strategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.
Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to set a new standard for Bitcoin financial management in Asia.
Industry observers believe the company’s regulated approach could pave the way for broader corporate participation in South Korea’s growing digital asset market.
The BTC purchase also aligns with the country’s proposed Digital Asset Framework, which is expected to take effect by 2027 and formalize rules around crypto custody and corporate holdings.
By acting early, Bitplanet is well positioned to benefit from the regulatory clarity that this law is expected to provide.