Bitcoin News Today: South Korea's Bitplanet Pioneers Corporate Bitcoin Treasury Amid Regulatory Shift

South Korea's publicly listed Bitplanet has become the first local firm to execute a daily Bitcoin accumulation plan, purchasing 93 BTC as part of a $40 million initiative to build a 10,000 BTC treasury. The move, announced alongside a rebranding at Bitcoin Asia 2025 in late August, positions Bitplanet as a pioneer in corporate crypto adoption within the country. Co-CEO Paul Lee emphasized that the strategy enables "legitimate and prudent risk management" while operating under a compliance framework monitored by Korea's Financial Services Commission (FSC), according to Yahoo Finance.

The company, which transitioned from its legacy IT services under SGA Co., Ltd., now focuses on Bitcoin treasury management. It reported trailing twelve-month revenue of ₩75.5 billion ($55 million) and net income of ₩4.7 billion ($3.4 million), reflecting a stable foundation for its crypto ambitions, according to CryptoNews. Bitplanet's purchases, disclosed via the FSC's compliance platform, have been ongoing for two weeks prior to the public announcement, underscoring its regulatory preparedness ahead of South Korea's Digital Asset Basic Act, set to take effect by 2027, per Coinotag.

Bitcoin's recent price recovery has provided timely momentum for Bitplanet's strategy. After a $19 billion liquidation event in early October 2025, the asset surged 6.7% to $115,200 over the past week, buoyed by softer U.S. inflation data and over $600 million in ETF inflows. This rebound aligns with broader institutional interest, as Bitcoin ETFs saw $3.55 billion in inflows in late October, led by BlackRock's IBIT and Fidelity's FBTC, according to Trading News. The market's resilience, despite short-term redemptions and regulatory scrutiny, highlights growing acceptance of Bitcoin as a corporate asset.

Bitplanet's rebranding and treasury plan are supported by institutional investors, including Metaplanet CEO Simon Gerovich and Sora Ventures, which are fostering a consortium of Asian public firms focused on digital asset treasuries. The company's governance improvements, including enhanced capital management processes, reflect its commitment to navigating evolving regulations while leveraging Bitcoin's potential as a store of value, as noted in a CryptoNews report.

South Korea's regulatory landscape is also shifting to accommodate corporate crypto holdings. The FSC plans to prohibit interest payments on stablecoins under a 2025 law, mirroring U.S. measures to mitigate risks associated with yield-bearing digital assets, according to Crypto.news. These developments signal a broader effort to balance innovation with financial stability, creating a framework where firms like Bitplanet can operate within clear guidelines.

As Bitcoin continues to gain traction in institutional portfolios, Bitplanet's initiative highlights South Korea's emerging role in the global crypto ecosystem. With the Digital Asset Basic Act approaching and ETF inflows reversing prior outflows, the company's strategy could set a precedent for corporate treasury diversification in Asia.