In an exciting move that signals a strong belief in Bitcoin’s future, South Korea’s publicly traded company Bitplanet has taken a significant leap into the cryptocurrency space by acquiring its first 93 BTC. This pivotal purchase marks the beginning of an ambitious strategy aimed at accumulating a staggering total of 10,000 BTC. The announcement was made during Bitcoin Asia 2025, where Bitplanet’s transformation from a traditional IT firm into a cryptocurrency treasury company was showcased.
Backed by notable figures such as Simon Gerovich, CEO of Metaplanet, and the influential venture capital firm Sora Ventures, Bitplanet stands at the forefront of a remarkable shift in corporate appetite for Bitcoin across South Korea. This initiative is particularly significant as it represents the first public acquisition of Bitcoin by a Korean firm utilizing regulated infrastructure, a crucial aspect in a country known for its stringent cryptocurrency laws.
Bitplanet has allocated $40 million for this treasury initiative—a bold move that illustrates its commitment to digital assets. Co-CEO Paul Lee revealed that the company had been steadily acquiring Bitcoin for approximately two weeks prior to the official announcement, utilizing a transparency-focused compliance monitoring platform overseen by Korea’s Financial Services Commission (FSC). This commitment to compliance not only positions Bitplanet favorably within the regulatory landscape but also fosters trust and credibility in the volatile world of cryptocurrency.
With revenues hovering around ₩75.5 billion ($55 million) and a net income of about ₩4.7 billion ($3.4 million), Bitplanet has shown steady financial health despite its shift away from its previous identity as SGA Co., Ltd. The company has a rich history in IT services, focusing on cybersecurity and network infrastructure. This pivot to a Bitcoin treasury signifies how firmly institutional investors believe in the future of cryptocurrency as a means for corporate treasury management.
Lee elaborated on the improvements in corporate governance and investment strategies that Bitplanet has implemented over the past month. The firm adheres to what Lee calls a “stricter interpretation of current FSC guidance,” ensuring that they meet the evolving regulatory requirements laid out by South Korea’s Digital Asset Basic Act. This act aims to provide standardization for token issuance, custody, and the management of digital assets by corporations, providing a safe and regulated environment for cryptocurrency investments.
On the investor front, Sora Ventures is not only a major backer of Bitplanet but is also making waves in the Asian market with bold plans to acquire $1 billion worth of Bitcoin within six months. Their initiative aims to create a consortium of public companies across Asia dedicated to building robust digital asset treasuries, despite some opposition from major regional stock exchanges.
JUST IN: Taiwanese Sora Ventures announces plan to buy $1 billion worth of #Bitcoin for their treasury over the next 6 months pic.twitter.com/18tQIIE1j3— BitcoinTreasuries.NET (@BTCtreasuries) September 5, 2025
Asia is rapidly becoming a hotspot for corporate Bitcoin adoption. Reports reveal that affluent Asian families are increasingly allocating significant portions of their portfolios to cryptocurrencies, even amidst market fluctuations. For instance, Singapore’s NextGen Digital Venture recently pulled together over $100 million for their Next Generation Fund II, signaling strong institutional interest.[Source]
🚀 South Asia led global crypto growth in 2025, with India and Pakistan recording an 80% surge in adoption.#Asia #Cryptohttps://t.co/KXR21slPdI— Cryptonews.com (@cryptonews) October 22, 2025
As Japan takes the lead in this corporate shift towards Bitcoin, notable companies like Tokyo-listed Lib Work have launched Bitcoin treasury strategies, echoing similar motivations as Bitplanet. Amidst these developments, Metaplanet Inc., having recently acquired over 5,268 BTC, is a testament to the growing trend, with plans for further acquisitions underway.[Source]
Bitplanet’s strategic investment comes at a time when Bitcoin is experiencing a resurgence, having recently climbed about 3.7% to approximately $115,200. This upward movement follows a series of volatile market conditions, including a significant drop that saw leveraged positions evaporate by $19 billion. The cryptocurrency’s appeal is evidently bolstered by an improving economic climate; many experts suggest a potential rate cut by the Federal Reserve may be on the horizon, further fuelling optimism. [Bloomberg]
🚀 Bitcoin rose above $115,000 Monday as easing US–China trade tensions fueled a global risk rally, sending stocks and major cryptocurrencies higher.#Bitcoin #cryptomarkets https://t.co/P5WOYl24UY— Cryptonews.com (@cryptonews) October 27, 2025
This surge shows that institutional interest in Bitcoin treasury strategies is indeed on the rise, as corporate giants like Metaplanet and BitMine solidify their positions in this evolving landscape. The global economic dialogue—including ongoing discussions between U.S. and Chinese officials—may further influence market trends, with a possibility of easing trade tensions contributing to a more favorable environment for cryptocurrencies.
As Bitplanet embarks on this significant Bitcoin accumulation journey, the implications for the future of corporate investments in digital assets are profound. By diving headfirst into the crypto realm, Bitplanet is not just adapting to market trends; it’s taking a proactive stance that could redefine corporate treasury management in the digital age. What remains to be seen is how this bold strategy will unfold and inspire similar moves across the industry.