Bitplanet Inc. Buys 92.67 Bitcoin Through Regulated Exchange
Bitplanet Inc., a company listed on South Korea’s KOSDAQ, recently purchased 92.67 bitcoin (BTC). The acquisition was made through a licensed South Korean cryptocurrency exchange.
On October 26, 2025, Bitplanet announced via X that it now holds about 93 BTC. The bitcoin holdings are valued at roughly $10.9 million (156.4 billion KRW). Bitplanet bought the bitcoin at an average price near $117,647 per BTC.
This purchase marks the first time a publicly traded South Korean company acquired bitcoin solely through the country’s regulated financial system. Bitplanet plans to keep buying bitcoin daily through licensed exchanges as part of its treasury strategy.
Long-Term Bitcoin Accumulation Plans
Bitplanet aims to build a treasury holding up to 10,000 BTC over time. To support this target, the company raised $40 million last month. These funds will help sustain ongoing bitcoin purchases and provide flexibility for market changes.
In September, Bitplanet completed the full acquisition of SGA Co. Ltd. in a deal worth about $50 million. SGA was previously Bitplanet’s operating subsidiary. The firm shifted its focus from IT and cybersecurity to a bitcoin-focused corporate treasury model.
Investors backing Bitplanet include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, and Kingsway Capital. Industry data shows that top corporate bitcoin holders typically hold at least 12,000 BTC.
On the latest close, Bitplanet’s shares (ticker 049470.KQ) traded at 1,932 KRW, up 40 KRW (+2.12%), according to Yahoo Finance.
Significance of Bitplanet’s Bitcoin Strategy
Corporate bitcoin adoption in Asia is still limited, especially among public companies under local regulations. Japan’s Metaplanet is currently Asia’s leading listed bitcoin holder, owning more than 30,000 BTC after recent purchases in October.
If Bitplanet reaches its 10,000 BTC goal, it would become the first South Korean company and possibly the second major Asian firm to rank among global corporate bitcoin holders alongside U.S. institutions.
This development comes as South Korea prepares to implement the Digital Asset Basic Act. Introduced in 2025 and expected to take effect by 2027, the law will create unified rules for crypto custody and corporate holdings.
