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Bitplanet Inc. has accumulated 300 BTC through a structured purchase program, positioning the South Korea-listed company among the top 20 corporate Bitcoin holders in Asia.<\/p>\n
The company, backed by Sora Ventures<\/a>, began building its BTC treasury in the fourth quarter of 2025<\/a>. Its most recent purchases were carried out in phases between Feb. 23 and Feb. 26 via Upbit, one of South Korea\u2019s largest cryptocurrency exchanges.\u00a0<\/p>\n The BTC will be held with a professional custody provider, the company told Bitcoin Magazine.<\/em><\/p>\n Chief Executive Paul Lee said Bitplanet is focused on more than balance sheet exposure. \u201cWe are not simply accumulating Bitcoin,\u201d Lee said in a statement. He added that the company plans to explore operational strategies that could contribute to revenue generation and cash flow over time, linking BTC treasury management with artificial intelligence computing initiatives.<\/p>\n Bitplanet said it views Asia as a key driver of the next phase of digital asset treasury adoption and aims to position itself as a transparent, institutional-grade corporate holder of Bitcoin.\u00a0<\/p>\n The company said it may expand its holdings further, subject to market conditions, regulatory developments, and financing availability.<\/p>\n The firm counts several digital asset treasury investors among its backers, including Simon Gerovich of Metaplanet<\/a>, as well as AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.<\/p>\n Metaplanet did post a net loss of 95 billion yen ($619 million) for fiscal 2025, driven by a 102.2 billion yen ($665.8 million) valuation decline on its bitcoin holdings.\u00a0<\/p>\n The disclosure marks the latest example of a corporate bitcoin buyer facing pressure as the cryptocurrency\u2019s price slid from record highs in October<\/a>.<\/p>\n The company closed<\/a> the year with 35,102 BTC, valued at approximately $2.4 billion, making Metaplanet the fourth-largest public corporate BTC holder globally, behind Strategy<\/a>. <\/p>\n Since it began accumulating BTC 21 months ago, Metaplanet has spent nearly $3.8 billion, averaging $107,000 per coin, according to data from two weeks ago.<\/p>\n Last quarter, when Sora Ventures unveiled its plans at Taipei Blockchain Week, the firm said it plans to purchase $1 billion in BTC within six months, backed by a $200 million initial commitment from regional partners.\u00a0<\/p>\n Today, Bitcoin (BTC) is trading near $65,000, drifting lower from mid\u2011week highs near $70,000 amid persistent selling pressure across crypto markets.<\/p>\n<\/p><\/div>\nCorporate bitcoin strain<\/h2>\n