Bitplanet Inc., a KOSDAQ-listed company, has announced that it recently purchased 92.67 bitcoin (BTC) through a regulated South Korean cryptocurrency exchange.
In a post on X, the company said it now holds roughly 93 BTC, valued at about 10.9 million USD (approximately 156.4 billion KRW) as of October 26, 2025. The company purchased these at an average price of about $117,647 per bitcoin.
The purchase is notable as the first instance of a publicly traded company in South Korea acquiring bitcoin entirely through the country’s licensed financial infrastructure. Bitplanet said it plans to continue buying bitcoin daily through regulated channels as part of an ongoing treasury strategy.
The firm shared that it views bitcoin as a strategic reserve asset and intends to build its position gradually rather than through large one-time transactions, aiming to reduce timing risk.
Long-term accumulation plan
Bitplanet has indicated that its longer-term plan is to build a treasury of up to 10,000 BTC. To support this plan, it raised $40 million last month. The company said these funds will help sustain ongoing bitcoin purchases and give it flexibility as market conditions change.
In September, Bitplanet completed the full acquisition of SGA Co. Ltd. in a deal valued at about $50 million, giving it full ownership of its former operating subsidiary. The firm previously ran under the SGA name as an IT and cybersecurity provider before restructuring toward a bitcoin-focused corporate treasury model.
The investor roster backing the company includes Metaplanet’s Simon Gerovich, AsiaStrategy, Sora Ventures, UTXO Management, and Kingsway Capital. Industry benchmarks suggest that joining the world’s top corporate BTC holders would require at least 12,000 BTC.
As of the latest close, shares of BITPLANET Co., Ltd. (049470.KQ) traded at 1,932 KRW, up 40 KRW (+2.12%), according to Yahoo Finance.
Why this matters
Corporate bitcoin adoption in Asia remains limited, particularly among public companies operating under domestic regulatory regimes. Of the world’s top listed bitcoin holders, Japan’s Metaplanet is currently the only Asian firm in the top five, with more than 30,000 BTC after its most recent accumulation in October.
If Bitplanet eventually reaches its 10,000 BTC target, it would become the first South Korean company, and potentially the second major Asian firm, to appear alongside U.S. institutions in global bitcoin treasury rankings.
The move comes ahead of South Korea’s Digital Asset Basic Act, which was introduced in 2025 and is expected to take effect by 2027. The law is designed to create unified rules for custody and corporate crypto holdings.
Also Read: Bitcoin Could Still Crash 50% Even With Wall Street Support: Tom Lee
