South Korea’s publicly listed Bitplanet has begun its day by day Bitcoin accumulation program, buying 93 BTC on Oct. 26 as a part of a long-term plan to construct a ten,000 BTC treasury.
Abstract
- Bitplanet begins day by day Bitcoin buys, buying 93 BTC as a part of a ten,000 BTC treasury plan.
- The transfer marks Korea’s first regulated Bitcoin buy by a listed agency.
- Comes as Bitcoin rebounds to $115K on ETF inflows and Fed rate-cut hopes.
The transfer marks the nation’s first absolutely regulated Bitcoin buy by a public firm. The KOSDAQ-listed agency, backed by Metaplanet chief govt officer Simon Gerovich, is positioning itself as Korea’s model of a Bitcoin treasury firm.
As reported by Yahoo Finance on Oct. 27, its newest purchase follows a plan first unveiled at Bitcoin Asia 2025, the place Bitplanet earmarked $40 million for digital asset acquisitions.
Bitcoin treasury strikes amid regulatory compliance
Co-CEO Paul Lee stated the corporate has strengthened its governance and compliance methods, working below oversight from Korea’s Monetary Providers Fee. Lee famous that Bitplanet has quietly accrued Bitcoin (BTC) over the previous two weeks utilizing a regulated platform to make sure transparency and threat administration.
Bitplanet’s entry into Bitcoin comes because the crypto market rebounds from early October’s $19 billion liquidation occasion. Bitcoin rose 6.7% over the previous week to round $115,200, recovering from lows close to $107,000. Softer U.S. inflation information final Friday boosted expectations of a Federal Reserve price reduce in December, pushing threat property greater.
Change-traded fund inflows have additionally returned, with over $600 million getting into Bitcoin and Ethereum merchandise prior to now week, signaling renewed institutional demand after weeks of outflows.
From IT roots to crypto finance
Bitplanet, listed below ticker 049470, reported ₩75.5 billion ($55M) in annual income and ₩4.7 billion ($3.4M) in internet earnings. The agency lately rebranded from SGA Co., Ltd., shifting from its cybersecurity and IT providers enterprise to a Bitcoin-focused treasury mannequin backed by buyers resembling Sora Ventures.
Based in 1997, Bitplanet is a part of a rising group of Asian public companies including Bitcoin to steadiness sheets. This development follows the introduction of South Korea’s Digital Asset Fundamental Act in June. Anticipated to take impact by 2027, it offers unified guidelines for token custody and company crypto possession.
Lee stated the agency already operates below a “stricter interpretation” of present steering to make sure readiness as soon as the legislation is enforced.
