Bitplanet Pioneers South Korea’s First Regulated Corporate Bitcoin Purchase, Aims for 10,000 BTC Treasury
SEO-Optimized Headline: Bitplanet Makes History with South Korea’s First Regulated Corporate Bitcoin Purchase, Targets 10,000 BTC Treasury
Introduction: A Watershed Moment for South Korean Corporate Finance
In a landmark move for South Korea’s financial sector, KOSDAQ-listed technology firm Bitplanet has become the nation’s first publicly traded company to purchase Bitcoin (BTC) through a regulated domestic exchange. The company acquired 92.67 BTC, valued at approximately $10.9 million, in a transaction fully supervised by South Korea’s Financial Intelligence Unit (FIU). This purchase is not an isolated event but the initial step in a disciplined, long-term strategy to accumulate a treasury of up to 10,000 BTC. Backed by a global consortium of prominent Bitcoin investors and leveraging its newly established compliant infrastructure, Bitplanet is positioning itself as a pioneer in institutional-grade digital asset management within Asia's evolving regulatory landscape.
The Milestone Purchase: Korea’s First Regulated Corporate Bitcoin Buy
On October 26, 2025, Bitplanet announced via its official Twitter account (@Bitplanet_KR) that it had completed the acquisition of 92.67 BTC. This transaction marks the first time a listed South Korean company has purchased Bitcoin directly through a licensed domestic crypto exchange under the supervision of the country’s financial regulators.
The purchase was executed entirely within the bounds of South Korea’s financial infrastructure and under the watch of the FIU. This level of regulatory oversight is significant. It transforms the transaction from a simple asset purchase into a symbolic act of validation for Bitcoin as a legitimate corporate treasury asset. Co-CEO Paul Lee characterized the move as a "deliberate, rules-based initiative rather than a speculative trade," emphasizing a long-term accumulation plan designed to mitigate timing risks.
The timing of the purchase coincided with a period of strong performance for Bitcoin, with prices recently climbing above $115,000. By proceeding during a market rally, Bitplanet demonstrated a commitment to its strategy that is independent of short-term price fluctuations, focusing instead on Bitcoin's potential as a strategic reserve asset over time.
Bitplanet’s Strategic Pivot: From IT Roots to Bitcoin Treasury Vision
Bitplanet’s foray into Bitcoin is part of a fundamental corporate transformation. The company was originally founded in 1997 as SGA Co., Ltd., an entity with deep roots in IT, cybersecurity, and education technology services.
The strategic shift began earlier in 2025 with the full $50 million acquisition of SGA. This was followed by a successful $40 million fundraising round specifically dedicated to supporting the new Bitcoin treasury strategy. In September 2025, the company formally rebranded from SGA to Bitplanet to reflect this new direction.
This pivot is not merely a change in investment portfolio but a complete business model evolution. Bitplanet has stated its vision is to become South Korea’s first institutional-grade Bitcoin treasury company. To support this ambition, the firm has developed a comprehensive infrastructure for compliant digital asset management. This infrastructure includes regulated custody solutions, secure storage protocols, and real-time audit systems designed to meet stringent government and financial oversight standards.
The Accumulation Strategy: A Methodical Path to 10,000 BTC
Central to Bitplanet’s announcement is its detailed accumulation plan. The company intends to purchase Bitcoin daily through licensed domestic exchanges, with the ultimate goal of building a treasury reserve of up to 10,000 BTC.
This steady, methodical approach of daily buying is designed to minimize exposure to market volatility. Instead of making large, lump-sum purchases that are highly sensitive to price swings, this strategy employs dollar-cost averaging (DCA). This technique involves investing a fixed amount of money at regular intervals, regardless of the asset's price, which can lower the average cost per unit over time.
Bitplanet’s strategy mirrors approaches taken by other firms globally that have adopted Bitcoin as a treasury reserve. The company explicitly cited Japan’s Metaplanet—one of its key backers—as a model. Metaplanet has garnered significant attention for its own corporate Bitcoin acquisition strategy, demonstrating a viable blueprint for listed companies in Asia to incorporate digital assets into their balance sheets.
Global Backing and Regulatory Foresight
Bitplanet’s ambitious strategy is bolstered by support from a global network of institutional digital asset investors. The firm’s backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. These groups are recognized for their roles in advancing institutional Bitcoin adoption worldwide.
Their involvement provides not just capital but also credibility and expertise. It signals strong confidence in Bitplanet’s compliance-focused model and its potential to set a new standard for corporate Bitcoin treasury management in Asia.
Crucially, Bitplanet’s move aligns with South Korea’s forthcoming regulatory framework, the Digital Asset Basic Act, which is scheduled to take effect by 2027. This legislation is expected to formalize rules for cryptocurrency custody, trading, and corporate holdings. By establishing its compliant infrastructure and executing this pioneering purchase years before the act comes into force, Bitplanet positions itself at the forefront of an impending regulatory wave. The company is not just reacting to future regulation but actively shaping the practical framework for it today.
Conclusion: Setting a Precedent for Corporate Bitcoin Adoption in Asia
Bitplanet’s regulated purchase of 92.67 BTC is more than a corporate transaction; it is a precedent-setting event for South Korea and the broader Asian market. It demonstrates that within the existing financial regulatory framework, publicly traded companies can formally embrace Bitcoin as a strategic treasury asset.
The implications are multifaceted. For the South Korean market, Bitplanet’s compliant model could serve as a template for other listed companies considering similar moves, potentially unlocking significant institutional capital flow into digital assets. For the global crypto industry, it underscores the maturation of Bitcoin’s narrative from a speculative investment to a legitimate component of corporate finance strategy.
Looking ahead, readers and market observers should monitor two key developments:
- The Ripple Effect: Whether other KOSDAQ or KOSPI-listed companies announce similar regulated Bitcoin purchases in the wake of Bitplanet’s move.
- Regulatory Evolution: The specific provisions of South Korea’s 2027 Digital Asset Basic Act and how Bitplanet’s early adoption influences its final form.
By pioneering this path with an emphasis on compliance and long-term strategy, Bitplanet is not just building its own treasury; it is helping to build the foundational infrastructure for the next era of corporate finance in South Korea.