The South Korean public company Bitplanet has announced the launch of a large-scale strategy to form its own Bitcoin treasury, making its first purchase of 93 BTC. The new approach involves daily Bitcoin acquisitions, which will allow the company to accumulate a target volume of 10,000 BTC.
This is reported by Finway
Accumulation Strategy and Operational Transparency
Bitplanet has become the first public company in South Korea to make a direct purchase of Bitcoin through a licensed local cryptocurrency exchange. To achieve this ambitious goal, the company secured $40 million in funding and underwent a rebranding, with CEO Simon Heroich and Sora Ventures supporting the implementation of this plan. Co-CEO Paul Lee emphasized that all operations are conducted in strict compliance with regulatory requirements, and transaction data is published on a monitoring platform overseen by the Financial Services Commission of South Korea (FSC).
“Their move enables legitimate and prudent risk management during the acquisition of the first cryptocurrency.”
It is known that Bitplanet had been purchasing Bitcoin daily for two weeks prior to the official announcement. All these transactions were fully transparent and compliant with existing regulations.
Market Context and Regulatory Background
Bitplanet’s activation comes against the backdrop of the Bitcoin market’s recovery following a massive liquidation of futures positions worth $19 billion in early October. Additionally, due to the de-escalation of the trade war between the U.S. and China, the price of Bitcoin reached $116,000. Concurrently, there has been a resurgence of investment inflows into Bitcoin ETFs — the total investment volume exceeded $446 million after a previous capital outflow.
In August 2025, Bitplanet officially completed its transition from operating under the SGA Co brand to a Bitcoin treasury model, attracting new institutional investors. Founded in 1997, the company previously specialized in cybersecurity solutions, networking technologies, and embedded software for the public sector and businesses.
In June 2025, a law on “Digital Assets” was introduced in South Korea, aiming to establish unified standards for accounting cryptocurrencies on companies’ balance sheets. The new regulations are expected to come into effect in 2027. Bitplanet has already adapted its operations to stricter interpretations of the current FSC requirements to ensure compliance with future regulations.
Recently, the Financial Services Commission of South Korea banned cryptocurrency exchanges from providing crypto-lending services, confirming the tightening of control over the digital asset market in the country.