South Korea’s Bitplanet Expands Bitcoin Treasury to 151.67 BTC

Bitplanet Inc., a South Korean publicly traded company, has expanded its Bitcoin holdings once again. It is strengthening its position as one of Asia’s most active corporate Bitcoin accumulators. The company announced fresh purchases that brought its total Bitcoin holdings to 151.67 BTC.

Bitplanet’s Consistent Bitcoin Accumulation

Over the past few days, Bitplanet has steadily added to its Bitcoin treasury. On October 31, the company acquired 9 BTC for approximately 1.05 million USD. It is followed by another 9 BTC on November 1 worth about 1.07 million USD. On November 2 it purchased an additional 14 BTC for 1.66 million USD, according to updates shared on its official X account.

In total, Bitplanet now holds 151.67 BTC, acquired for around 25.7 billion KRW (approximately 18.07 million USD). At an average cost of 169.89 million KRW (119,373 USD) per coin. This consistent buying pattern reflects the company’s long-term Bitcoin accumulation strategy. It calls a “daily discipline” approach. In one of its posts, the firm stated, “We are a little stronger every day.” This reinforces its steady commitment to Bitcoin as a strategic treasury reserve asset.

From IT Firm to Bitcoin Treasury Leader

Bitplanet’s transformation from an IT and cybersecurity company to a corporate Bitcoin investor. This marks one of the most significant strategic pivots in South Korea’s tech sector. The company, formerly known as SGA Co., Ltd., officially changed its name to Bitplanet Co., Ltd. in September 2025.

Now listed on the KOSDAQ stock exchange under ticker A049470.KQ. Bitplanet’s leadership team, led by CEO Jae-han Park and Co-CEO Paul Lee, has been outspoken about its Bitcoin-focused mission. Their long-term goal is to accumulate 10,000 BTC. Thus, this positions the firm as a pioneer in Asia’s emerging corporate Bitcoin ecosystem.

Backed by Institutional Investors

Bitplanet’s Bitcoin strategy has attracted attention and support from several notable institutional investors. These include Metaplanet , Sora Ventures, UTXO Management and Kingsway Capital, all of which consequently share a strong conviction in Bitcoin’s long term potential. 

To support its plan, Bitplanet reportedly raised $40 million in funding earlier this year. The company conducts all Bitcoin transactions through licensed domestic exchanges. Under the supervision of South Korea’s Financial Services Commission (FSC). This approach ensures compliance with national regulations while promoting transparency in its corporate treasury operations.

Setting a New Standard in South Korea

As the first publicly listed company in South Korea to adopt a Bitcoin-centric corporate strategy. Consequently, Bitplanet’s progress is being closely watched by domestic and international investors. In addition, the company recently launched a new website featuring a real time dashboard. That tracks its Bitcoin holdings directly from its wallets. That further emphasizes transparency.

Bitplanet steady accumulation aligns it with a growing number of firms globally, including MicroStrategy in the U.S. and Metaplanet in Japan. All of whom view Bitcoin as a hedge against inflation and a long term store of value. Consequently, by combining transparency, regulation and conviction. Bitplanet is quietly shaping a new narrative for corporate Bitcoin adoption in South Korea, one steady purchase at a time.