Bitplanet’s Daily Bitcoin Reserve Plan Seeks 10,000 BTC
KOSDAQ-listed Bitplanet has launched a regulated Bitcoin reserve strategy with a daily accumulation plan, purchasing 93 BTC on October 20 and 26 as its first fully regulated buys under Financial Services Commission oversight. The company aims to build a 10,000 BTC treasury backed by a $40 million budget announced at Bitcoin Asia 2025. Co-CEO Paul Lee said Bitplanet strengthened corporate governance, risk controls and full disclosure via a regulated platform to ensure transparency. The rebranded firm—from SGA Co. to Bitplanet under Metaplanet CEO Simon Gerovich—accumulated Bitcoin over two weeks in anticipation of South Korea’s 2027 Digital Asset Basic Act. The Bitcoin reserve strategy arrives as BTC trades around $115,200, up 6.7% weekly on ETF inflows exceeding $600 million and renewed Fed rate-cut expectations. This move may bolster market confidence in corporate crypto adoption and signal further institutional demand.
Bullish
Bitplanet’s move to buy Bitcoin through a regulated daily accumulation plan marks a milestone in corporate treasury adoption. As a KOSDAQ-listed firm overseen by the Financial Services Commission, these purchases enhance transparency and governance, likely attracting institutional interest. Short-term, steady buying pressure could support BTC prices, while long-term, public-company reserves may validate Bitcoin’s role as a corporate asset and encourage similar strategies across markets, reinforcing bullish sentiment.