Bitcoin Updates: South Korea’s Bitplanet Leads the Way in Corporate Bitcoin Holdings as Regulations Evolve

Bitplanet, a publicly traded company in South Korea, has become the nation's first to implement a daily

accumulation strategy, acquiring 93 BTC as part of a $40 million plan to amass a 10,000 BTC reserve. This initiative, revealed during the company's rebranding at Bitcoin Asia 2025 in late August, marks Bitplanet as a trailblazer in the corporate adoption of cryptocurrency in South Korea. Co-CEO Paul Lee stated that this approach allows for "sound and responsible risk management" within a compliance structure overseen by the country's Financial Services Commission (FSC), as reported by .

Having shifted from its previous IT services business under SGA Co., Ltd., Bitplanet now concentrates on managing a Bitcoin treasury. The company posted a trailing twelve-month revenue of ₩75.5 billion (approximately $55 million) and a net profit of ₩4.7 billion (about $3.4 million), providing a solid base for its cryptocurrency goals, according to

. Bitplanet's acquisitions, which were reported through the FSC's compliance system, began two weeks before the official announcement, demonstrating its readiness for regulatory changes ahead of South Korea's Digital Asset Basic Act, which is expected to be implemented by 2027, as noted by .

The recent rebound in Bitcoin's price has provided favorable conditions for Bitplanet's plan. Following a $19 billion liquidation in early October 2025, Bitcoin climbed 6.7% to reach $115,200 over the past week, supported by lower U.S. inflation figures and more than $600 million in ETF investments. This recovery coincides with a surge in institutional interest, as Bitcoin ETFs attracted $3.55 billion in late October, with BlackRock's IBIT and Fidelity's FBTC leading the way, according to

. Despite short-term withdrawals and regulatory challenges, the market's strength underscores the increasing recognition of Bitcoin as a corporate asset.

Bitplanet's new brand identity and treasury strategy have received backing from institutional players such as Metaplanet CEO Simon Gerovich and Sora Ventures, who are building a network of Asian listed companies focused on digital asset reserves. The company's efforts to improve governance, including better capital management, demonstrate its dedication to adapting to regulatory changes while utilizing Bitcoin as a value-preserving asset, as highlighted by CryptoNews.

South Korea's regulatory environment is also evolving to support corporate cryptocurrency holdings. The FSC intends to ban interest payments on stablecoins under a 2025 regulation, echoing U.S. actions to reduce risks from yield-generating digital assets, according to

. These changes reflect a broader push to balance innovation with financial security, establishing clear rules for companies like Bitplanet to operate within.

As Bitcoin becomes more prominent in institutional investment portfolios, Bitplanet's actions underscore South Korea's growing influence in the global digital asset landscape. With the Digital Asset Basic Act on the horizon and ETF inflows reversing previous outflows, the company's approach may pave the way for other Asian firms to diversify their corporate treasuries.