Bitplanet Launches South Korea’s First Bitcoin Treasury with $40 Million Investment
South Korea has launched Bitplanet, a financial firm investing $40 million in Bitcoin purchases, marking the country's first institutional-grade Bitcoin treasury. This initiative was announced at Bitcoin Asia 2025 and indicates increased adoption of digital assets.
Key Facts
- Bitplanet formed after acquiring a 62% stake in SGA, an existing Bitcoin holder.
- The $40 million investment will be deployed immediately without incurring debt.
- This structure allows for long-term growth and flexible treasury management.
- Asia Strategy Partners supports Bitplanet’s operations and product development.
- Other regional players include K Wave Media, planning a $1 billion Bitcoin treasury, and Japan's Metaplanet, aiming to raise $835 million for Bitcoin purchases.
Bitplanet's establishment positions South Korea as a contender in the Asian race for Bitcoin adoption.
Regulatory Developments
The Financial Services Commission is drafting a bill to regulate the crypto market, including guidelines for won-backed stablecoins, expected by October.