TLDR
- Bitplanet purchased 93 Bitcoin as part of its plan to accumulate 10,000 BTC.
- The company allocated approximately $40 million for future Bitcoin purchases.
- This represents the first Bitcoin treasury by a publicly traded South Korean firm.
- Bitplanet operates through a debt-free acquisition strategy for long-term growth.
- The company made daily BTC purchases for two weeks before the official announcement.
Bitplanet purchased 93 Bitcoin (BTC) as part of its treasury strategy to accumulate 10,000 BTC. The South Korean public company allocated approximately $40 million for future purchases. This marks the first acquisition of a Bitcoin treasury by a publicly traded South Korean firm.
Bitplanet Launches Daily BTC Accumulation Strategy
Bitplanet launched its daily Bitcoin buying program following its announcement at Bitcoin Asia 2025 in August. The company rebranded and committed to building substantial cryptocurrency reserves through regulated channels. Metaplanet’s Simon Gerovich backs the firm’s strategic Bitcoin accumulation initiative.
Co-CEO Paul Lee stated the program enables legitimate risk management for BTC acquisition. He emphasized that Bitplanet operates through a regulated and compliant infrastructure for all transactions. The company implements better investment and capital management procedures to ensure transparency.
Bitplanet made daily BTC purchases for two weeks before the official announcement. Lee confirmed that these initial transactions received full disclosure through the Financial Services Commission’s compliance platform. The company has significantly improved its governance structure over the past month.
South Korea Prepares for Digital Asset Basic Act Implementation
Bitplanet operates under tighter interpretations of FSC guidelines ahead of regulatory changes. South Korea’s Digital Asset Basic Act is expected to become law by 2027, following its introduction in June. The Act establishes unified standards for token issuance, custody, and corporate holdings.
Lee explained Bitplanet prepares to meet or exceed regulatory requirements for smooth transitions. The company’s approach ensures compliance with future legislation while maintaining operational flexibility. This proactive stance positions Bitplanet favorably within South Korea’s evolving regulatory framework.
Bitcoin recently recovered from the $19 billion wipeout in its early October leveraged position. CoinGecko data shows BTC surged approximately 4.8% over the past week. The token climbed from lows of $107,000 to roughly $112,572 in recent trading.
Debt-Free Strategy Distinguishes Bitplanet From Competitors
Bitplanet acquired a 62% stake in CoStack-listed SI provider SGA to form its structure. Lee revealed the company plans a debt-free BTC acquisition strategy for long-term growth. This streamlined financial structure provides greater flexibility in future treasury management.
Institutional investors support Bitplanet’s adoption of the dedicated BTC treasury model. Sora Ventures built a consortium of public companies aligned to establish crypto treasuries across Asia. However, major stock exchanges in the region resist these treasury strategies.
Hong Kong Exchanges and Clearing recently rejected five companies seeking to adopt BTC treasury. India’s Bombay Stock Exchange denied Jetking Infotrain’s application for the country’s first public Bitcoin treasury. Jetking planned to allocate nearly 60% of raised funds to Bitcoin accumulation.
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