South Korea’s Bitplanet Increases Bitcoin Holdings to 110.67 BTC

Bitplanet Inc., a South Korean public company, has continued its aggressive Bitcoin accumulation strategy. The firm recently purchased an additional 9 BTC. That brings its total holdings to 110.67 BTC as of October 29. The move further cements Bitplanet’s position as South Korea’s first publicly listed company to hold Bitcoin as a treasury asset.

Bitplanet Expands Its Bitcoin Treasury

According to Bitplanet’s latest announcement, the company acquired 9 BTC for approximately 1.56 billion KRW, or about $1.09 million. This purchase was made at an average price of roughly $121,478 per Bitcoin. With this latest acquisition, Bitplanet now holds a total of 110.67 BTC, valued at around $13.11 million. Bitplanet’s continued buying reflects its long-term strategy to become Korea’s leading corporate Bitcoin holder.

The company’s average purchase cost now stands at approximately $118,765 per Bitcoin. This shows its consistent approach to dollar-cost averaging. A strategy aimed at reducing volatility risk over time. Executives at Bitplanet described the move as another step forward in building a “BTC treasury powerhouse” in South Korea. The firm’s ongoing commitment to purchasing Bitcoin despite market fluctuations. This signals growing corporate confidence in digital assets as part of treasury management.

From IT Services to Bitcoin Treasury Leader

Bitplanet’s transformation is one of the most striking corporate pivots in the region this year. Formerly known as SGA Co., Ltd. The company operated in the fields of cybersecurity, embedded software and network infrastructure. However, in September 2025, it rebranded to Bitplanet and shifted its entire business model toward a Bitcoin centric strategy.

This transition followed Bitplanet’s acquisition of SGA Co., Ltd. Consequently marked a historic first for South Korea, a public company redefining itself around Bitcoin reserves. Furthermore, the firm plans to accumulate up to 10,000 BTC over time. With an initial funding pool of $40 million dedicated to this goal. Ultimately, industry experts view this bold shift as a turning point in corporate crypto adoption in South Korea. This signals that digital assets are beginning to be seen as a legitimate component of financial strategy.

A Regulated and Transparent Approach

Bitplanet’s Bitcoin purchases are carried out through licensed domestic crypto exchanges. Under the supervision of South Korea’s Financial Services Commission (FSC). The company has emphasized its commitment to operating within a strict regulatory framework. Bitplanet is also preparing for the upcoming Digital Asset Basic Act. That is expected to take full effect in 2027.

By aligning with these future standards early. Consequently, the company aims to set an example of how traditional corporations can responsibly integrate digital assets into their operations. Furthermore, this compliance-first approach has drawn support from well-known investors and partners. Specifically, this includes Simon Gerovich of Metaplanet and venture firm Sora Ventures. Their involvement adds credibility to Bitplanet’s long-term plan. Thereby reassures investors about the company’s transparency.

Corporate Bitcoin Adoption Gains Momentum

Bitplanet’s strategy could pave the way for other South Korean companies to explore Bitcoin as part of their balance sheets. Analysts believe that its consistent and compliant investment approach could inspire broader corporate adoption in Asia. As the company continues to expand its holdings. Bitplanet is positioning itself not only as a technology innovator. But also as a pioneer in digital finance. Its growing Bitcoin treasury demonstrates a clear belief in the future of decentralized assets. Along with a willingness to lead by example in one of the world’s most tech-savvy economies.