Bitplanet’s Regulated Bitcoin Buy Launches Korea’s Treasury
Bitplanet, a KOSDAQ-listed tech firm formerly known as SGA, has executed South Korea’s first regulated corporate Bitcoin purchase, acquiring 92.67 BTC (approx. $10.9 million) via a FIU-supervised domestic exchange. This milestone follows Bitplanet’s $50 million acquisition to rebrand in September 2025 and a $40 million fundraising round backed by Sora Ventures, UTXO Management, Metaplanet and ParaFi Capital. The company has set up regulated custody solutions and real-time auditing to meet the Virtual Asset User Protection Act and prepare for the Digital Asset Basic Act in 2027. Part of a disciplined plan to accumulate 10,000 BTC, Bitplanet’s compliance-focused model signals growing institutional adoption of Bitcoin and could prompt more publicly traded firms in Korea to diversify their corporate treasury strategies.
Bullish
Bitplanet’s regulated Bitcoin purchase demonstrates rising institutional demand and regulatory clarity in South Korea. The milestone signals confidence in Bitcoin as a strategic treasury asset, which can attract more corporate and institutional buyers. In the short term, such high-profile adoption may drive increased buying pressure on BTC. Over the long term, Bitplanet’s compliance-focused model prepares the market for broader corporate treasury diversification, providing sustained bullish support for Bitcoin’s price.