South Korea’s Bitplanet Increases Bitcoin Holdings to 119.67 BTC

South Korea’s Bitplanet Inc. has continued its steady Bitcoin buying spree. It is adding nine more BTC to its growing corporate treasury. With this latest purchase, the company now holds 119.67 BTC. This officially places it among the world’s top 100 corporate Bitcoin holders.

Building Korea’s Leading Bitcoin Treasury

Bitplanet, formerly known as SGA Co., Ltd., was once an IT and cybersecurity firm. But in 2025, it made a bold pivot. This is shifting its core business model toward Bitcoin accumulation. The move positioned Bitplanet as South Korea’s first publicly listed company to adopt a Bitcoin-centric corporate strategy. The company’s vision is clear: build a strong Bitcoin treasury that reflects long-term belief in the digital asset. 

In a statement on X, Bitplanet called the latest purchase “another milestone.” It reaffirmed its commitment to becoming Korea’s leading Bitcoin treasury firm. Bitplanet’s buying pattern shows discipline. The firm has been acquiring small amounts of Bitcoin almost daily since October 26. Its initial regulated purchase of 93 BTC marked the start of this accumulation plan. Since then, the company has steadily added to its holdings. It demonstrates strategic patience and market confidence.

Consistent Accumulation and Transparent Reporting

Transparency has been central to Bitplanet’s approach. The company frequently posts purchase details on its official social media accounts. That includes the amount, price and total valuation of its Bitcoin holdings. On October 30, Bitplanet confirmed it had bought 9 BTC for approximately ₩1.553 billion ($1.08 million). The company now holds 119.67 BTC, acquired for a total of ₩20.331 billion ($14.17 million). Consequently, that puts the firm’s average purchase price around ₩170.3 million ($118,781) per Bitcoin.

This public transparency not only builds trust among investors. But also aligns with South Korea’s evolving regulatory landscape. Bitplanet conducts all its purchases through licensed domestic exchanges. Under the supervision of the Financial Services Commission (FSC). The firm’s practices reflect an effort to stay ahead of compliance standards. Especially as the country prepares for the Digital Asset Basic Act, expected to take full effect in 2027.

A Long-Term Vision for Bitcoin

Bitplanet’s strategy isn’t about short-term trading or speculation. The company has set a long-term target of accumulating up to 10,000 BTC. This is backed by an initial $40 million funding pool. The plan is simple but ambitious, consistent accumulation during market fluctuations to build a sustainable Bitcoin reserve. 

This approach mirrors the playbook of major U.S. firms like MicroStrategy. Which also follow a “Bitcoin standard” model for corporate treasury management. Bitplanet’s steady accumulation highlights growing institutional confidence in Bitcoin across Asia. Therefore, as global markets shift toward digital assets. South Korea’s proactive stance through firms like Bitplanet could mark the start of a new trend in regional corporate finance.

Setting a Precedent in Asia’s Crypto Landscape

Bitplanet’s transformation signals more than a change in business strategy. It’s a statement about the future of money in Asia’s tech economy. Specifically, by combining transparency, compliance and conviction. The company is ultimately proving that Bitcoin can be a legitimate and strategic corporate asset.

As of late October 2025, Bitplanet’s ranking as the 99th largest corporate Bitcoin holder is symbolic,  “slowly but surely.” As the company’s own post says. But the message behind those words goes deeper. Bitplanet isn’t just buying Bitcoin. It’s betting on a financial paradigm shift, one block at a time.