- Bitplanet purchased 93 BTC in Korea’s first regulated corporate Bitcoin acquisition.
- The company plans daily Bitcoin purchases with the goal of building a treasury of 10,000 BTC.
- Backed by major investors, Bitplanet is leading Bitcoin adoption in Korea.
Bitplanet has made history in South Korea’s financial landscape by becoming the first publicly listed company in the country to acquire Bitcoin (BTC) through a regulated domestic exchange.
The KOSDAQ-listed technology firm recently bought 92.67 BTC for roughly $10.9 million, marking a new chapter in corporate adoption of digital assets within the country.
Korea’s first regulated corporate Bitcoin purchase
The BTC acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s evolving financial ecosystem.
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
It is the first time a publicly traded company has acquired Bitcoin through a licensed exchange within the country’s regulated financial infrastructure.
Conducted under the oversight of South Korea’s Financial Intelligence Unit (FIU), the transaction signals growing institutional confidence that Bitcoin can serve as a legitimate, strategic treasury asset.
The Seoul-based company described the purchase as a deliberate, rules-based initiative rather than speculative trading.
Co-CEO Paul Lee said the buy marks the start of a disciplined, long-term accumulation plan designed to reduce timing risk while positioning Bitcoin as a strategic treasury reserve.
The transaction was completed in full compliance with national financial laws, a milestone that could encourage other listed companies to follow suit.
Notably, Bitplanet’s move coincided with a strong Bitcoin rally, driven by optimism about U.S. interest rate cuts and rising inflows into exchange-traded funds (ETFs), which pushed prices above $115,000.
By choosing this timing for its initial purchase, Bitplanet demonstrated both market awareness and confidence in Bitcoin’s long-term role as a corporate asset.
From IT roots to Bitcoin treasury company
Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and educational technology.
The company rebranded in September 2025 to reflect a broader shift toward blockchain and Bitcoin-focused activities.
The pivot followed a full acquisition of SGA valued at $50 million earlier in the year and the completion of a $40 million funding round to support the new treasury strategy.
This strategic transformation underscores Bitplanet’s vision to become South Korea’s first institutional Bitcoin treasury company.
Bitplanet has developed comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time auditing systems that meet government and regulatory standards.
Management says it intends to accumulate Bitcoin daily through licensed domestic exchanges with the goal of building a reserve of up to 10,000 BTC over time.
This steady, methodical approach reduces exposure to market volatility and mirrors strategies used by other firms, such as Japan’s Metaplanet, a major backer of Bitplanet.
Supported by global Bitcoin advocates
Bitplanet’s Bitcoin strategy is backed by a global network of digital-asset investors.
Investors include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital—groups known for advancing institutional Bitcoin adoption worldwide.
Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to set a new standard for Bitcoin treasury 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 forthcoming Digital Asset Basic Act, expected to take effect by 2027, which will formalize rules for custody of cryptocurrencies and corporate holdings.
By acting early, Bitplanet positions itself to benefit from the regulatory clarity that this legislation is anticipated to provide.