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South Korea's BitPlanet has made history as the first publicly listed company in the country to execute a regulated
purchase, acquiring 92.67 BTC through a licensed domestic exchange, according to a . The Seoul-based firm, rebranded from its legacy IT services roots as SGA Co., Ltd., announced the move on October 26, 2025, positioning itself as a pioneer in corporate Bitcoin treasury strategies amid evolving regulatory frameworks, according to a . The purchase, valued at approximately $10.9 million, marks the initial step in a long-term plan to accumulate 10,000 BTC, supported by $40 million in newly raised capital, according to a .BitPlanet's strategy emphasizes daily, rules-based Bitcoin acquisitions to mitigate timing risk and formalize the cryptocurrency as a strategic reserve asset, according to a
. Co-CEO Paul Lee highlighted the company's compliance-focused approach, operating under strict oversight from South Korea's Financial Services Commission (FSC) and disclosing all transactions via a regulated monitoring platform, the CryptoTimes report noted. This infrastructure ensures alignment with the Digital Asset Basic Act—a regulatory framework introduced in June 2025 and slated to take effect by 2027—positioning BitPlanet to exceed future compliance standards, the Crypto.News piece added.
The move comes as Bitcoin rebounds from a $19 billion liquidation event in early October 2025, with the CoinDesk Bitcoin Price Index (XBX) surging 6.7% to $115,200 over the past week, according to a
. Market optimism is fueled by softer U.S. inflation data, which bolstered expectations for a Federal Reserve rate cut in December, and over $600 million in ETF inflows for Bitcoin and last week, Coinotag reported. BitPlanet's entry into the market aligns with these tailwinds, leveraging institutional-grade risk management to navigate volatility, Crypto.News observed.Backed by investors including Metaplanet's Simon Gerovich and Sora Ventures, BitPlanet reported trailing twelve-month revenue of ₩75.5 billion ($55 million) and net income of ₩4.7 billion ($3.4 million), underscoring its financial resilience as it transitions from cybersecurity services to a Bitcoin-focused treasury model, Coinotag reported. The company's roadmap includes expanding its BTC holdings to rival global corporate holders, with industry benchmarks suggesting 12,000 BTC as a threshold for top-tier status, the CryptoTimes report suggested.
This development reflects a broader trend of Asian public firms integrating Bitcoin into balance sheets, despite regional stock exchange resistance. BitPlanet's regulated approach contrasts with ad hoc purchases by private entities, setting a benchmark for transparency in corporate crypto adoption, CryptoSlate noted. If successful, the firm could become South Korea's first listed company to join global Bitcoin treasury rankings, currently dominated by U.S. and Japanese institutions, the CryptoTimes coverage added.
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