Sora Ventures-backed Bitplanet reaches 300 Bitcoins, ranks among top 20 corporate holders in Asia
Bitplanet Inc. has accumulated 300 $BTC Through a structured purchasing program, this South Korean listed company ranked among the top 20 corporate Bitcoin holders in Asia.
The company is backed by Sora Ventures. $BTC The latest purchases were implemented in stages from February 23rd to February 26th through Upbit, one of South Korea’s largest crypto exchanges.
of $BTC The company said it will be stored with a professional storage provider. Bitcoin Magazine.
CEO Paul Lee said BitPlanet is focused on more than balance sheet exposure. “We are not just accumulating Bitcoin,” Lee said in a statement. He added that the company will consider operational strategies that can contribute to revenue generation and cash flow in the long term. $BTC Financial management through artificial intelligence computing initiatives.
BitPlanet said it sees Asia as a key driver for the next phase of digital asset treasury adoption and aims to establish itself as a transparent, institutional-grade Bitcoin holder.
The company said it may further expand its holdings depending on market conditions, regulatory developments and financing availability.
Corporate Bitcoin tensions
The company’s backers include Metaplanet’s Simon Gerovich, as well as multiple digital asset financial investors including AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.
Metaplanet posted a net loss of 95 billion yen ($619 million) in fiscal 2025 due to a 102.2 billion yen ($665.8 million) decline in the valuation of its Bitcoin holdings.
The disclosure marks the latest example of corporate Bitcoin buyers facing pressure as the price has fallen from record highs in October.
The company ended the year with 35,102 cases. $BTCits value is approximately $2.4 billion, making Metaplanet the fourth largest public company. $BTC A holder that supports strategies around the world.
After it started accumulating $BTC Twenty-one months ago, Metaplanet spent nearly $3.8 billion, averaging $107,000 per coin, according to data from two weeks ago.
Last quarter, when Sora Ventures announced its plans at Taipei Blockchain Week, the company announced that it planned to invest $1 billion. $BTC Backed by an initial commitment of $200 million from regional partners, it will be delivered within six months.
Today, Bitcoin ($BTC) is trading around $65,000, down from mid-week highs of around $70,000 as selling pressure continues across the crypto market.
The post Sora Ventures-backed Bitplanet reaches 300 Bitcoins and ranks among Asia’s top 20 corporate holders originally appeared on Bitcoin Magazine and was written by Micah Zimmerman.
