Bitplanet Inc. has purchased 93 BTC and launched a daily Bitcoin purchase program, positioning the company as a pioneer in the open market adoption of BTC for corporate finance in South Korea. The Seoul-based company said the transaction was executed through a fully regulated and compliant infrastructure.
“This transaction marks the first Bitcoin purchase by a Korean listed company and was executed through a fully compliant infrastructure,” said Paul Lee, co-CEO of BitPlanet.
“As Asia’s digital asset landscape rapidly evolves, BitPlanet is setting a new standard for transparent, institutional-level enterprise Bitcoin adoption.”
The company framed the new program as a rules-based, long-term strategy rather than a one-time purchase. Management said it will accumulate BTC daily to reduce timing risk and formally establish Bitcoin as a strategic financial reserve asset.
10,000 BTC goal, $40 million in new funds
BitPlanet’s roadmap calls for building a 10,000 BTC vault over time. To support this plan, the company raised $40 million last month to fund continued accumulation and strengthen balance sheet optionality as BTC market conditions change.
Bitplanet is backed by a roster of digital asset and traditional financial investors including Metaplanet’s Simon Gerovich, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. The lineup of investors underscores BitPlanet’s ambition to become a regional reference point for institutional Bitcoin financial management.
Bitplanet, formerly known as SGA Inc., bills itself as South Korea’s first KOSDAQ-listed institutional Bitcoin finance company.
Built on an IT services foundation, the company focuses on compliance, risk management, and financial engineering as pillars of its strategy to help businesses adopt Bitcoin in a transparent and regulated manner.
(Tag translation) Bitcoin
