South Korea’s publicly listed Bitplanet has begun its each 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 each 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 mentioned the corporate has strengthened its governance and compliance techniques, working beneath oversight from Korea’s Monetary Companies Fee. Lee famous that Bitplanet has quietly accrued Bitcoin (BTC) over the previous two weeks utilizing a regulated platform to make sure transparency and danger 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 knowledge final Friday boosted expectations of a Federal Reserve charge reduce in December, pushing danger property increased.
Change-traded fund inflows have additionally returned, with over $600 million getting into Bitcoin and Ethereum merchandise previously week, signaling renewed institutional demand after weeks of outflows.
From IT roots to crypto finance
Bitplanet, listed beneath ticker 049470, reported ₩75.5 billion ($55M) in annual income and ₩4.7 billion ($3.4M) in web revenue. The agency lately rebranded from SGA Co., Ltd., shifting from its cybersecurity and IT companies enterprise to a Bitcoin-focused treasury mannequin backed by traders akin to Sora Ventures.
Based in 1997, Bitplanet is a part of a rising group of Asian public companies including Bitcoin to stability sheets. This pattern 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 mentioned the agency already operates beneath a “stricter interpretation” of present steering to make sure readiness as soon as the legislation is enforced.
