Bitplanet Launches Korea’s First Public Bitcoin Treasury Program

Bitplanet Inc. has made financial history in South Korea with its inaugural purchase of 93 BTC, marking the first Bitcoin acquisition by a publicly listed Korean company executed entirely through regulated and compliant infrastructure. Paul Lee, Co-CEO of Bitplanet, emphasized the significance of this transaction, stating: “This transaction marks the first Bitcoin purchase by a publicly listed company in Korea executed entirely through regulated and compliant infrastructure.” The company, formerly known as SGA Inc., now describes itself as Korea’s first KOSDAQ-listed institutional Bitcoin treasury company, building on its IT services foundation to bring compliance, risk management, and financial engineering to corporate Bitcoin adoption.

The strategic move positions Bitplanet as a first mover in Korea’s public-market adoption of BTC for corporate treasuries, coming at a time when Asia’s digital asset landscape is evolving rapidly. Rather than treating this as a one-off acquisition, Bitplanet has framed the purchase as part of a comprehensive, rules-based, long-term strategy designed to establish Bitcoin as a strategic treasury reserve asset. This approach reflects growing institutional confidence in Bitcoin’s role as a store of value and hedge against traditional market volatility.

Central to Bitplanet’s treasury management approach is its daily Bitcoin buying program, designed specifically to reduce timing risk through consistent accumulation rather than large, sporadic purchases. Management confirmed the company will accumulate BTC every day, formalizing Bitcoin’s position as a core component of its treasury reserves. This systematic approach mirrors strategies employed by other institutional adopters globally but represents a novel development in the Korean corporate landscape.

The company has set an ambitious long-term target of building a 10,000-BTC treasury, a goal that would represent one of the most significant corporate Bitcoin holdings in Asia. To support this accumulation plan, Bitplanet raised $40 million last month, with the capital specifically earmarked to fund ongoing Bitcoin purchases and strengthen balance-sheet optionality as BTC market conditions evolve. This substantial financial commitment underscores the seriousness of Bitplanet’s Bitcoin treasury strategy and provides the necessary capital to execute its accumulation plan regardless of short-term price fluctuations.

Bitplanet’s Bitcoin treasury initiative has attracted support from a diverse roster of digital asset and traditional finance investors, including Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. This investor lineup combines expertise from both cryptocurrency-native firms and established financial institutions, reflecting confidence in Bitplanet’s approach to institutional Bitcoin adoption.

The company’s investor base underscores its ambition to become a regional reference point for institutional Bitcoin treasury management in Asia. By leveraging its public market listing and emphasizing transparent, regulated infrastructure, Bitplanet aims to set a new benchmark for corporate Bitcoin adoption that other companies in the region can follow. The firm’s focus on compliance and regulated execution distinguishes its approach from earlier corporate Bitcoin acquisitions that often relied on less formalized channels.

As Paul Lee noted, “With Asia’s digital asset landscape evolving rapidly, Bitplanet seeks to set a new benchmark for transparent, institutional-grade corporate Bitcoin adoption.” This statement highlights the company’s broader vision beyond mere treasury management—positioning itself as a leader in establishing best practices for corporate cryptocurrency adoption across Asian markets, where regulatory frameworks continue to develop and mature.