- Bitplanet launches South Korea’s first institutional Bitcoin treasury with $40M BTC allocation.
- Debt-free strategy ensures long-term growth and flexible treasury management.
- Asia emerges as a growing hub for corporate Bitcoin adoption, with supportive regulatory developments.
South Korea has officially stepped into the corporate Bitcoin treasury arena with the launch of Bitplanet, a newly rebranded financial firm set to deploy $40 million into Bitcoin (BTC) purchases. Announced at Bitcoin Asia 2025, the move positions Bitplanet as the country’s first institutional-grade Bitcoin treasury, signaling a broader shift toward digital asset adoption.
Paul Lee, co-founder and managing partner of Lobo Ventures, revealed that Bitplanet’s launch follows the acquisition of a 62% stake in CoStack-listed service provider SGA. Within two weeks, the company will finalize its rebranding and immediately allocate its $40 million Bitcoin investment, all without leveraging debt, ensuring a flexible and risk-conscious treasury strategy.
From SGA to Bitplanet: A Strategic Pivot
SGA, previously holding Bitcoin in its corporate reserves, is now evolving into Bitplanet with a larger, more institutional focus. The transition is backed by Asia Strategy Partners through a third-party share placement, officially establishing Bitplanet as South Korea’s first global institutional Bitcoin financial company.
Asia Strategy Partners’ expertise in treasury management is expected to shape Bitplanet’s operations and product offerings, enabling the firm to compete alongside other major Asian players in the Bitcoin space.
Asia Emerges as a Bitcoin Treasury Hub
Bitplanet’s entry underscores the growing appetite for corporate Bitcoin treasuries across Asia. Nasdaq-listed K Wave Media recently disclosed plans for a $1 billion Bitcoin treasury, while Japan’s Metaplanet unveiled an $835 million stock issuance to fund additional BTC purchases.
South Korea’s institutional entry places the nation firmly in the regional Bitcoin adoption race, with Asia increasingly viewed as a global hub for corporate crypto treasury innovation.
Regulatory Backdrop and Future Outlook
South Korea is also advancing its digital asset regulations. The Financial Services Commission (FSC) is expected to release a bill in October under the Virtual Asset User Protection Act, outlining rules for won-backed stablecoins, collateral management, and internal controls. This framework will provide greater clarity and security for firms like Bitplanet operating in the country.
Also Read: Bitcoin and Ether Soar to Record Highs as Institutional Investors Drive Crypto Rally
As Bitplanet deploys its $40 million BTC allocation debt-free, it sets a precedent for institutional Bitcoin adoption in South Korea, signaling the start of a new era for corporate crypto strategy in Asia.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
