Bitplanet Announces Launch of Daily Bitcoin Accumulation Plan, Aiming to Reserve 10,000 BTC



Recently, Korea's KOSDAQ-listed company Bitplanet Inc. announced the initiation of a daily Bitcoin accumulation plan, aiming to build a reserve of 10,000 BTC.

Currently, the company has purchased 93 Bitcoins and plans to continue accumulating daily; as of October 26, Bitplanet holds a total of 92.67 Bitcoins, purchased at an approximate cost of $10.9 million, with an average cost of about $117,647 per Bitcoin.

Paul Lee, Co-CEO of Bitplanet, stated, “This transaction marks the first time a Korean listed company has purchased Bitcoin through a regulated and compliant infrastructure.” He emphasized that, with the rapid development of the digital asset landscape in Asia, Bitplanet is committed to setting a new benchmark for transparent, institutional-grade Bitcoin adoption.

To support this plan, Bitplanet raised $40 million last month to continue accumulating funds and to enhance the flexibility of its balance sheet as Bitcoin market conditions change.

Bitplanet has garnered support from numerous digital asset and traditional financial investors, including Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.

The backing of these institutional investors also demonstrates Bitplanet’s ambition to become a regional leader in institutional Bitcoin fund management.

Previously known as SGA Inc., Bitplanet claims to be Korea’s first institutional Bitcoin fund company listed on KOSDAQ. The company, based on IT services, emphasizes compliance, risk management, and financial engineering as its strategic pillars to help enterprises adopt Bitcoin transparently and within regulated frameworks.

In summary, Bitplanet’s daily investment plan not only sets a precedent for Korean listed companies to allocate Bitcoin but also demonstrates a replicable institutional asset allocation model.

This approach of incorporating Bitcoin into strategic reserves marks a shift from high volatility assets to a standard component of corporate financial management.

Furthermore, as more listed companies follow suit in the future, this model is expected to reshape corporate funding structures and drive sustained institutional demand for cryptocurrencies amid market fluctuations.

#Bitplanet # Corporate Bitcoin Allocation
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