Bitplanet Inc., a publicly listed company in South Korea, has further expanded its Bitcoin reserves, reinforcing its status as one of Asia’s most active corporate Bitcoin accumulators. The company’s latest purchases have raised its total holdings to 151.67 BTC.
In recent days, Bitplanet has continued to grow its Bitcoin treasury through a series of consistent purchases. On October 31, the company acquired 9 BTC for approximately $1.05 million, followed by another 9 BTC on November 1 worth about $1.07 million. On November 2, it added an additional 14 BTC for roughly $1.66 million, according to updates posted on its official X account.
In total, Bitplanet now holds 151.67 BTC, accumulated for around 25.7 billion KRW (approximately $18.07 million) at an average purchase price of 169.89 million KRW ($119,373) per Bitcoin. This steady buying pattern underscores the company’s long-term accumulation strategy, which it describes as a “daily discipline.” In one post, Bitplanet noted, “We are a little stronger every day,” reflecting its commitment to Bitcoin as a strategic treasury reserve asset.
From IT Firm to Bitcoin Treasury Pioneer
Bitplanet’s evolution from an IT and cybersecurity company to a major corporate Bitcoin investor marks one of the most notable strategic transformations in South Korea’s tech sector. Formerly known as SGA Co., Ltd., the company officially rebranded to Bitplanet Co., Ltd. in September 2025.
Now traded on the KOSDAQ under the ticker A049470.KQ, Bitplanet is led by CEO Jae-han Park and Co-CEO Paul Lee, both vocal advocates of the company’s Bitcoin-first vision. Their long-term goal—to accumulate 10,000 BTC—positions Bitplanet as a frontrunner in Asia’s emerging corporate Bitcoin landscape.
Institutional Support and Regulatory Compliance
Bitplanet’s Bitcoin-focused strategy has drawn support from several prominent institutional investors, including Metaplanet, Sora Ventures, UTXO Management, and Kingsway Capital—all known for their strong conviction in Bitcoin’s long-term value.
Earlier this year, Bitplanet reportedly raised $40 million to advance its Bitcoin acquisition plans. The company conducts all Bitcoin transactions exclusively through licensed domestic exchanges, under the supervision of South Korea’s Financial Services Commission (FSC)—ensuring full regulatory compliance and transparency in its treasury operations.
Setting a New Standard in South Korea
As the first publicly listed South Korean company to adopt a Bitcoin-centric corporate strategy, Bitplanet’s progress is drawing attention from both local and international investors. The company recently launched a new website featuring a real-time dashboard that tracks its Bitcoin holdings directly from its wallets—further emphasizing transparency.
Bitplanet’s disciplined accumulation approach mirrors global leaders such as MicroStrategy in the U.S. and Metaplanet in Japan, who view Bitcoin as both a hedge against inflation and a long-term store of value. By combining transparency, regulation, and conviction, Bitplanet is quietly setting a new benchmark for corporate Bitcoin adoption in South Korea—one steady purchase at a time.
