South Korea’s BitPlanet Enters Bitcoin Market with 92.67 BTC
Publicly listed tech company BitPlanet purchased 92.67 BTC, becoming the country's first public firm via a licensed domestic exchange.
Quick Take
Summary is AI generated, newsroom reviewed.
BitPlanet acquired $92.67 BTC at an average price of $117,647 per coin.
The purchase was made through a licensed South Korean crypto exchange under the Financial Intelligence Unit (FIU) supervision.
The company plans to continue daily BTC accumulation to build a compliant corporate treasury.
This move sets a precedent in Asia for traditional corporations adopting a regulated Bitcoin treasury strategy.
South Korea’s publicly listed tech company BitPlanet Co., Ltd. has officially entered the Bitcoin market. Specifically, the company revealed that it purchased 92.67 BTC for around $10.9 million. Crucially, this marks a major step in integrating Bitcoin into its corporate treasury strategy. Consequently, this makes BitPlanet the first public company in South Korea to buy Bitcoin directly through a licensed domestic crypto exchange. It signals growing institutional confidence in digital assets.
BitPlanet’s First Major Bitcoin Purchase
In an official post on X, BitPlanet confirmed the milestone, stating that the Bitcoin was acquired at an average price of about $117,647 per BTC. Furthermore, the company said it plans to continue daily Bitcoin purchases. Through fully regulated and compliant channels under the supervision of Korea’s Financial Intelligence Unit (FIU).
BitPlanet emphasized that this move aligns with its mission to become the country’s leading Bitcoin standard company. “We are building the most reliable and compliant Bitcoin treasury infrastructure in Korea,” the company said. “Our goal is to become not just Korea’s number one BTC standard company, but the only truly institutional-grade one.”
Building a Regulated Bitcoin Treasury
BitPlanet’s announcement highlights a growing trend among traditional companies seeking exposure to Bitcoin. As part of their long-term financial strategy. Unlike private firms that may operate through offshore or unregulated exchanges. BitPlanet executed its purchase entirely within South Korea’s regulated framework. It is setting a precedent for other listed firms in the country.
The company also confirmed that it has developed an internal Bitcoin treasury infrastructure designed for compliance and risk management. This includes custody arrangements, secure storage practices and real-time audit capabilities. All of which meet regulatory standards.
From IT Services to Bitcoin Leadership
Founded in 1997, BitPlanet was formerly known as SGA Co., Ltd. Before rebranding in September 2025 to reflect its pivot toward blockchain and crypto ventures. Beyond its Bitcoin treasury operations, BitPlanet continues to manage a diverse range of businesses. This includes education technology, system integration, software development and IT infrastructure services for public institutions.
The company’s rebranding marks a clear strategic shift toward becoming a digital asset pioneer in South Korea. By holding Bitcoin as a reserve asset, BitPlanet joins a growing list of global firms. That view BTC as both a hedge against inflation and a cornerstone of the future financial system.
A New Chapter for Corporate Bitcoin Adoption
BitPlanet’s move is seen as a significant milestone for Asia’s crypto landscape. Consequently, it may inspire other publicly listed companies in South Korea and the wider region to explore similar treasury strategies. Furthermore, as Bitcoin adoption continues to rise globally. BitPlanet’s compliance focused approach could serve as a blueprint for how traditional corporations can responsibly integrate. Digital assets into their operations, one BTC at a time.
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