Bitcoin News Today: Bitplanet, South Korea's MicroStrategy, Launches Regulated Bitcoin Treasury

South Korea's Bitplanet has launched a regulated Bitcoin treasury initiative, purchasing 93 BTC on October 26 as part of a long-term strategy to accumulate 10,000 BTC. The KOSDAQ-listed firm, rebranded from SGA Co., Ltd., marks the country's first public company to execute a fully regulated Bitcoin acquisition under oversight from the Financial Services Commission, according to a crypto.news report. The move aligns with a broader trend of Asian firms embracing crypto as a reserve asset, though regulatory scrutiny is intensifying, according to a crypto.news investigation.

Bitplanet's plan, announced at Bitcoin Asia 2025, allocates $40 million for digital asset purchases. Co-CEO Paul Lee emphasized strengthened governance and compliance systems, including transparency via a regulated platform. The company has been quietly buying Bitcoin for two weeks prior to the public announcement, adhering to risk management protocols, as reported by Yahoo Finance. This follows South Korea's Digital Asset Basic Act, introduced in June 2025, which aims to standardize corporate crypto holdings, according to CoinAlert News.

The initiative coincides with a market rebound. Bitcoin surged 6.7% in the past week to $115,200, recovering from October lows near $107,000. Softer U.S. inflation data and expectations of a Federal Reserve rate cut in December have bolstered risk assets. Meanwhile, Bitcoin and Ethereum ETFs saw over $600 million in inflows last week, signaling renewed institutional interest after months of outflows, as noted in the crypto.news report.

Bitplanet's financials reflect a stable transition from IT services to crypto-focused operations. The firm reported ₩75.5 billion ($55 million) in annual revenue and ₩4.7 billion ($3.4 million) in net income. Backed by Sora Ventures and Metaplanet CEO Simon Gerovich, it positions itself as Korea's analog to MicroStrategy or Tesla in the Bitcoin space, according to CoinAlert News.

Globally, public companies now hold over 1.02 million BTC, valued at $110 billion, underscoring Bitcoin's growing acceptance as a strategic reserve. However, Asian stock exchanges are tightening oversight, with 134 regional firms estimated to hold 58,000 BTC collectively, the crypto.news investigation found. Japan's Metaplanet remains the largest corporate holder, with 30,000 BTC, while Bitplanet's 93 BTC purchase signals a cautious but deliberate entry into the trend, a development first reported by Yahoo Finance.