Bitplanet Acquires 93 BTC in South Korea's First Regulated Purchase
James Ding Oct 27, 2025 07:41
Bitplanet, a publicly listed South Korean firm, initiates a Bitcoin treasury plan with a 93 BTC purchase, marking the country's first regulated acquisition by a public company.
Bitplanet, a publicly listed company in South Korea, has commenced its ambitious Bitcoin (BTC) treasury plan with the acquisition of 93 BTC. This purchase, made on October 26, 2025, marks a significant milestone as the first fully regulated Bitcoin purchase by a listed firm in the country, according to CoinMarketCap.
Strategic Bitcoin Accumulation
Bitplanet's new initiative aims to build a substantial 10,000 BTC treasury. This strategic move comes as Bitcoin experiences a resurgence, with prices climbing to $115,000, driven by strong exchange-traded fund (ETF) inflows and optimism regarding potential Federal Reserve rate cuts. The company, listed on the KOSDAQ, is backed by Simon Gerovich, CEO of Metaplanet, and aspires to position itself as South Korea's equivalent of a Bitcoin treasury firm.
Market Impact and Future Plans
The timing of Bitplanet's purchase aligns with a positive market trend, suggesting a calculated approach to Bitcoin accumulation. The firm's decision to publicly declare its Bitcoin acquisition could inspire other companies in the region to consider similar strategies, potentially influencing the broader market dynamics in South Korea.
This development comes as part of a growing trend of institutional interest in Bitcoin globally. The increasing acceptance of Bitcoin as a treasury asset reflects a broader shift in how digital currencies are perceived by traditional financial entities. The move by Bitplanet could set a precedent in the regulatory landscape of cryptocurrency purchases by publicly traded companies in South Korea.
As the digital asset market continues to evolve, the actions of firms like Bitplanet may play a crucial role in shaping the future of cryptocurrency adoption and regulation in the region. Observers will be keen to see how this move influences other companies and the regulatory environment surrounding digital assets in South Korea.
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