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 stated it now holds approximately 93 BTC, valued at about $10.9 million USD (approximately 156.4 billion KRW) as of October 26, 2025. Bitplanet acquired these bitcoins at an average price of about $117,647 per bitcoin.
For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea — culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,… pic.twitter.com/hEmpvh9fUL
— Bitplanet Inc. (@Bitplanet_KR) October 26, 2025
This purchase is significant as it marks the first time a publicly traded company in South Korea has acquired bitcoin entirely via the country’s licensed financial infrastructure. Bitplanet has indicated its intention to continue purchasing bitcoin daily through regulated channels as a component of its ongoing treasury strategy.
The firm views bitcoin as a strategic reserve asset and aims to build its holdings gradually, avoiding large, single transactions to mitigate timing risk.
Long-Term Accumulation Plan
Bitplanet has outlined a long-term objective to establish a treasury holding up to 10,000 BTC. To facilitate this goal, the company successfully raised $40 million last month. These funds are intended to support continuous bitcoin purchases and provide financial flexibility in response to evolving market conditions.
In September, Bitplanet finalized the acquisition of SGA Co. Ltd. for approximately $50 million, securing full ownership of its former operating subsidiary. Previously operating under the SGA name as an IT and cybersecurity provider, the company has since restructured its focus towards a bitcoin-centric corporate treasury model.
The company's investor base includes notable entities such as Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, and Kingsway Capital. Industry analyses suggest that accumulating at least 12,000 BTC would be necessary to rank among the world's top corporate bitcoin holders.
As of the most recent market close, shares of BITPLANET Co., Ltd. (049470.KQ) were trading at 1,932 KRW, representing a gain of 40 KRW, or 2.12%, according to Yahoo Finance data.
Significance of the Move
Corporate bitcoin adoption within Asia remains relatively limited, particularly for public companies operating under domestic regulatory frameworks. Among the leading publicly listed bitcoin holders globally, Japan's Metaplanet is currently the sole Asian company within the top five, possessing over 30,000 BTC following its recent accumulation in October.
Should Bitplanet achieve its target of 10,000 BTC, it would position itself as the first South Korean company, and potentially the second prominent Asian firm, to be recognized in global bitcoin treasury rankings alongside major U.S. institutions.
This development precedes the implementation of South Korea’s Digital Asset Basic Act, which was introduced in 2025 and is anticipated to become effective by 2027. This legislation aims to establish unified regulations governing the custody and corporate holding of digital assets.