Quick Breakdown
- Bitplanet purchased 93 BTC as part of a long-term plan to amass 10,000 BTC.
- The company’s Bitcoin acquisition is the first fully regulated purchase by a public firm in South Korea.
- The move follows a strategic rebrand and aligns with Korea’s forthcoming Digital Asset Basic Act.
Bitplanet kicks off $40M Bitcoin accumulation plan
South Korea’s publicly traded firm Bitplanet has launched a large-scale Bitcoin accumulation program, purchasing 93 BTC on October 26 in what marks the country’s first fully regulated Bitcoin acquisition by a listed company.
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
The firm, which trades on the KOSDAQ under ticker 049470, aims to build a 10,000 BTC corporate treasury—a bold move positioning it as Korea’s counterpart to global Bitcoin treasury firms. The initiative is backed by Metaplanet CEO Simon Gerovich and stems from a strategy unveiled at Bitcoin Asia 2025, where Bitplanet earmarked $40 million for digital asset investments, according to the company post.
Strengthened oversight and compliance
Bitplanet’s Co-CEO Paul Lee said the company has reinforced its governance and compliance frameworks, operating under the close supervision of the Financial Services Commission (FSC). Lee revealed that Bitplanet has been quietly purchasing Bitcoin over the past two weeks through a regulated trading platform designed to ensure transparency and robust risk management.
From cybersecurity to bitcoin treasury
Formerly known as SGA Co., Ltd., Bitplanet rebranded earlier this year as it pivoted from its cybersecurity and IT services roots toward a Bitcoin-focused treasury model. The company reported ₩75.5 billion ($55 million) in annual revenue and ₩4.7 billion ($3.4 million) in net profit, supported by investors such as Sora Ventures.
Meanwhile, Sora Ventures introduced what it calls Asia’s first dedicated Bitcoin treasury fund, with a bold plan to purchase $1 billion worth of Bitcoin over the next six months. The announcement was made at Taipei Blockchain Week and comes with an initial $200 million already committed by regional partners and investors.
Founded in 1997, Bitplanet’s transition reflects a growing trend among Asian public firms integrating Bitcoin into their balance sheets. The shift aligns with the introduction of South Korea’s Digital Asset Basic Act, enacted in June and set to take effect by 2027, which establishes standardized rules for token custody and corporate crypto ownership.
Lee noted that Bitplanet already adheres to a “stricter interpretation” of current guidelines to ensure full readiness ahead of the law’s implementation.
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