South Korea has entered a brand new part of Bitcoin adoption.
The publicly listed Bitplanet has begun a every day Bitcoin buying program, marking the primary time a Korean agency has overtly added the asset to its steadiness sheet.
The corporate, backed by Metaplanet’s Simon Gerovich, began its marketing campaign with the acquisition of 93 BTC, signaling the beginning of a long-term effort to succeed in 10,000 BTC. Co-CEO Paul Lee known as the strategy a measured step towards integrating Bitcoin into company finance, emphasizing that each transaction is being logged via nationwide compliance programs.
Bitplanet’s transformation has been months within the making. Initially an IT and cybersecurity supplier below SGA Co., Ltd., the agency rebranded in August throughout Bitcoin Asia 2025, revealing a $40 million price range for crypto accumulation. The pivot, supported by Sora Ventures and different institutional gamers, goals to determine a community of Bitcoin-treasury firms throughout Asia.
This daring transfer comes amid a renewed rally within the crypto market. After a turbulent begin to October that erased billions in leveraged positions, Bitcoin has bounced again above $115,000, helped by expectations of a U.S. charge minimize and rising inflows into Bitcoin and Ethereum ETFs.
Bitplanet, listed on KOSDAQ (049470), stays financially sound with roughly $55 million in annual income and $3.4 million in revenue, giving it a secure footing for its new course. The corporate can also be making ready for South Korea’s upcoming Digital Asset Fundamental Act, anticipated in 2027, which can formalize company guidelines for token holdings.
Lee mentioned Bitplanet is already aligning with the regulation’s anticipated requirements to make sure a seamless transition as soon as the framework is in place.
