South Korea’s Bitplanet Kicks Off 10,000 BTC Treasury With First Purchase
Seoul, South Korea: South Korean digital asset firm Bitplanet has announced the launch of its ambitious Bitcoin Treasury Program, revealing its first purchase of Bitcoin as part of a plan to accumulate 10,000 BTC over the next 12 months.
The company said the initiative marks a long-term commitment to Bitcoin as a strategic reserve asset, positioning Bitplanet among a growing list of corporate entities worldwide that view the cryptocurrency as a hedge against inflation and market volatility.
“This first purchase marks the beginning of our Bitcoin treasury journey,” said Kim Do-hyun, CEO of Bitplanet. “We believe Bitcoin represents a foundational layer for the future of decentralized finance and a key component of corporate financial resilience.”
According to company sources, Bitplanet’s treasury purchases will be conducted transparently through regulated exchanges in compliance with South Korea’s Virtual Asset User Protection Act, which came into effect earlier this year.
The firm, which provides blockchain infrastructure and crypto custody services, said it aims to complete the acquisition of 10,000 BTC—worth approximately $680 million at current market prices—by late 2026.
Bitplanet’s move comes amid renewed institutional interest in Bitcoin, driven by U.S. spot Bitcoin ETFs, Asia’s regulatory clarity, and growing adoption by corporations in Japan and Singapore.
Industry analysts say this initiative could inspire other South Korean firms to consider digital assets as part of their balance sheets, potentially signaling a new phase of corporate Bitcoin adoption in Asia.
— The Vagabond News
