South Korea’s Bitplanet Kicks Off 10,000 BTC Treasury With First Purchase
South Korea’s publicly listed Bitplanet has executed its inaugural Bitcoin buy, buying 93 BTC on Sunday because the opening salvo of an formidable day by day accumulation technique focusing on 10,000 BTC.
The Bitcoin treasury firm, backed by Metaplanet CEO Simon Gerovich and enterprise capital agency Sora Ventures, is positioning this program as the primary Bitcoin acquisition by a public Korean agency via regulated infrastructure.
According to a Yahoo Finance report, the corporate revealed throughout Bitcoin Asia 2025 in late August that it had earmarked $40 million for the treasury initiative, alongside a company rebrand away from its former identification as SGA Co., Ltd.
Co-CEO Paul Lee confirmed that Bitplanet had been buying Bitcoin day by day for roughly two weeks earlier than Sunday’s formal announcement, with all transactions totally disclosed via a compliance monitoring platform operated by Korea’s Financial Services Commission.
From IT Firm to Crypto Treasury
Bitplanet is reported to have trailing twelve-month income of roughly ₩75.5 billion ($55 million) and web earnings of about ₩4.7 billion ($3.4 million), indicating steady core operations.
The firm beforehand operated as an IT providers and systems-integration agency specializing in cybersecurity, community infrastructure, and embedded software program for presidency and enterprise purchasers, earlier than pivoting to its Bitcoin treasury mannequin with assist from new institutional buyers.
Lee acknowledged that Bitplanet has “materially improved” its governance construction and carried out enhanced funding and capital administration processes over the previous month.
The agency operates below what Lee described as a “stricter interpretation of present FSC steering to make sure a easy transition,” positioning itself to satisfy or exceed regulatory necessities below South Korea’s Digital Asset Basic Act, which goals to ascertain unified requirements for token issuance, custody, and company crypto holdings.
Aside from Gerovich, Bitplanet’s main investor contains Sora Ventures, which has spearheaded efforts to construct a consortium of public firms throughout Asia aligned in constructing digital asset treasuries, at the same time as main regional inventory exchanges have pushed again in opposition to the idea.
Sora Ventures launched its dedicated Bitcoin treasury fund in September at Taipei Blockchain Week, backed by an preliminary $200 million dedication with a goal of buying $1 billion value of Bitcoin inside six months, supporting pioneers like Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s Bitplanet.
Asia Emerges as Corporate Bitcoin Adoption Hotspot
A current report from Cryptonews reveals that rich Asian households and their funding automobiles are stepping up crypto allocations, with each non-public funds and public firms deepening publicity regardless of current market volatility.
Singapore’s NextGen Digital Venture lately raised over $100 million for its Next Generation Fund II.
At the identical time, UBS reported that some Chinese household workplaces intend to allocate as much as 5% of their holdings to crypto, with youthful generations more and more driving adoption.
Japan has emerged as a company hotspot, with Tokyo-listed Lib Work unveiling a $3.3 million Bitcoin treasury strategy in August, citing inflation hedging and abroad development plans.
Metaplanet Inc. leads Japan’s company push, recently purchasing 5,268 BTC, lifting its complete holdings to over 30,000 BTC value over $3.5 billion, whereas shareholders approved an overseas share sale of up to $884 million, with most proceeds earmarked for additional Bitcoin acquisitions.
Bitcoin Recovery and Institutional Momentum
Bitplanet’s announcement comes as Bitcoin regains momentum in October, climbing roughly 3.7% over the previous week to $115,200 after recovering from final week’s lows close to $107,000 following a $19 billion wipeout of leveraged positions earlier this month.
The asset added almost 6% prior to now month alone, extending features after softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve might reduce charges in December.
Bitcoin climbed 3.6% on Monday to cross $115,000 as equities rallied and danger urge for food improved on indicators that commerce tensions between the US and China could also be easing, with complete crypto market worth rising 3.7% to $3.9 trillion.
Bitcoin rose above $115,000 Monday as easing US–China commerce tensions fueled a world danger rally, sending shares and main cryptocurrencies larger.#Bitcoin #cryptomarkets https://t.co/P5WOYl24UY
— Cryptonews.com (@cryptonews) October 27, 2025
Institutional curiosity in treasury positioning stays elevated, with considerations about MicroStrategy’s development outlook offset by renewed curiosity in names comparable to Metaplanet, BitMine, and Galaxy Digital.
Senior US and Chinese financial officers outlined a framework over the weekend that Presidents Donald Trump and Xi Jinping are anticipated to assessment this week in South Korea, doubtlessly pausing steeper tariffs and uncommon earth export controls.
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