Bitplanet Makes History with Korea’s First Regulated Corporate Bitcoin Purchase
Bitplanet has made a landmark move in South Korea’s financial landscape by becoming the first publicly traded company in the country to purchase Bitcoin (BTC) through a regulated domestic exchange. The KOSDAQ-listed technology firm recently acquired approximately 92.67 BTC, valued at around $10.9 million, marking a significant milestone in corporate adoption of digital assets in Korea.
Korea’s First Regulated Corporate Bitcoin Buy
This strategic Bitcoin acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s rapidly evolving financial ecosystem. It is the first time a listed company has acquired Bitcoin through a licensed exchange under South Korea’s regulated financial infrastructure.
The transaction was executed entirely under the supervision of South Korea’s Financial Intelligence Unit (FIU), signaling growing confidence among institutional investors that Bitcoin can serve as a legitimate and strategic treasury asset. Bitplanet emphasized that this purchase is a deliberate, rules-based initiative rather than a speculative trade.
Co-CEO Paul Lee explained that the acquisition marks the start of a disciplined, long-term accumulation plan aimed at reducing timing risks while establishing Bitcoin as a strategic treasury reserve. The deal, fully compliant with domestic financial laws, sets a precedent for other listed companies and could encourage further corporate involvement in digital assets.
Notably, Bitplanet’s purchase coincided with a strong rally in Bitcoin prices, which recently surpassed $115,000 amid optimism over potential US Federal Reserve rate cuts and increasing ETF inflows. By choosing this moment for its first acquisition, Bitplanet demonstrated both market awareness and confidence in Bitcoin’s long-term role as a corporate asset.
From IT Roots to a Bitcoin Treasury Company
Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and education technology services. The company rebranded in September 2025 to reflect a broader shift towards blockchain and Bitcoin-focused ventures.
This pivot followed Bitplanet’s full $50 million acquisition of SGA earlier in the year and the completion of a $40 million fundraising round supporting its new treasury strategy. The transformation highlights Bitplanet’s vision of becoming South Korea’s first institutional-grade Bitcoin treasury company.
The firm has developed comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time audit systems that meet government and financial oversight standards. Bitplanet plans to accumulate Bitcoin daily via licensed domestic exchanges, targeting a reserve of up to 10,000 BTC over time.
This steady, methodical approach minimizes exposure to market volatility and mirrors strategies employed by firms such as Japan’s Metaplanet, one of Bitplanet’s key backers.
Backed by Global Bitcoin Advocates
Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors. Notable backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital — all groups known for advancing institutional Bitcoin adoption worldwide.
Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to establish a new standard for Bitcoin treasury management in Asia. Industry observers believe Bitplanet’s regulated approach could pave the way for broader corporate participation in South Korea’s expanding digital asset market.
Aligning with Upcoming Regulations
Bitplanet’s BTC purchase also aligns well with South Korea’s forthcoming Digital Asset Basic Act, scheduled to take effect by 2027. This legislation will formalize rules regarding cryptocurrency custody and corporate holdings.
By acting early, Bitplanet positions itself to benefit from the regulatory clarity that this law is expected to provide, solidifying its leadership role in the institutional adoption of Bitcoin in South Korea.
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Bitplanet’s groundbreaking move marks a new chapter in Korea’s corporate cryptocurrency adoption, combining regulatory compliance with strategic foresight to build a robust Bitcoin treasury. The company’s methodical accumulation strategy and strong investor backing make it a key player to watch in Asia’s digital asset landscape.
https://coinjournal.net/news/bitplanet-becomes-south-koreas-first-listed-firm-to-buy-bitcoin-btc/
