Bitplanet, a publicly traded South Korean company, has initiated its daily Bitcoin (BTC) buying plan, aiming to build a 10,000 BTC reserve. The company, which is backed by Metaplanet’s Simon Gerovich, recently added 93 BTC to its holdings. This effort was officially announced following the company’s rebranding and the earmarking of approximately $40 million for future BTC purchases at the Bitcoin Asia 2025 event in late August.
Co-CEO Paul Lee highlighted the move as a means of “legitimate and prudent risk management” for BTC acquisition, emphasizing that the program will operate through a regulated and compliant infrastructure. Bitplanet is promoting this as the first BTC purchase by a South Korean public company.
Operating Ahead of Regulation
Lee noted that Bitplanet has improved its governance and investment procedures, and had already been making daily, fully disclosed BTC purchases for about two weeks prior to the official announcement, reporting them through the Financial Services Commission (FSC) monitoring platform.
Regarding South Korea’s Digital Asset Basic Act, which is expected to take effect by 2027, Lee stated that Bitplanet is already operating under stricter interpretations of current FSC guidelines. This approach is intended to ensure a smooth transition and compliance with or even exceeding the future regulatory requirements for unified standards on token issuance, custody, and corporate digital asset holdings.
The decision to accumulate BTC comes as the token regains momentum, having surged approximately 4.8% over the past week, recovering from a recent deleveraging phase.
Debt-Free Strategy and Regional Resistance
Lee confirmed that Bitplanet, which was formed after acquiring a stake in the CoStack-listed SI provider SGA, will use a debt-free BTC acquisition strategy. This streamlined financial structure is intended to allow for long-term growth and greater flexibility without excessive risk.
Institutional investors, including Sora Ventures, are supporting Bitplanet’s BTC-treasury model, which is part of a broader push to establish crypto treasuries across Asia. However, major stock exchanges in the region have shown resistance. The Hong Kong Exchanges and Clearing has rejected five applications for similar BTC treasury strategies, and India’s Bombay Stock Exchange denied a request from Jetking Infotrain.
Lawyer Joshua Chu noted that regulatory fragmentation persists across Asian jurisdictions due to unique policy goals, such as Singapore’s focus on payments versus Hong Kong’s emphasis on product-centric development and investor protection. Chu also cautioned against loosening conventional corporate rules for digital asset treasuries, warning that such a move could risk creating “volatility arbitrage shells” and lead to a repeat of the speculative frenzy seen during the dot-com era.
October 2025, Cryptoniteuae
