Hold onto your kimchi, folks! Bitplanet Inc., a KOSDAQ-listed company that probably started as a side hustle in someone’s basement, has announced they’ve bought 92.67 bitcoin (BTC). That’s right-they couldn’t even round up to 93. Talk about commitment issues! 😆
In a tweet that probably took longer to write than their entire crypto strategy, the company bragged about now holding roughly 93 BTC-worth about 10.9 million USD (or, as they say in Korea, “enough to buy a lifetime supply of bulgogi”). And get this-they bought these digital gold nuggets at an average price of $117,647 per bitcoin. Because why not?
For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea-which, let’s be honest, probably involved a lot of coffee and panic. But hey, they did it! First public company to buy Bitcoin through a licensed exchange. Slow clap. 👏
– Bitplanet Inc. (@Bitplanet_KR) October 26, 2025
Why is this a big deal? Because Bitplanet is now the first publicly traded company in South Korea to acquire bitcoin entirely through the country’s licensed financial infrastructure. Translation: They didn’t just Venmo some guy in a dark alley. They’re planning to keep buying bitcoin daily, because apparently, they enjoy watching their accountants cry.
The “We’re Not Gambling, We Swear!” Plan
Bitplanet’s grand vision? A treasury of up to 10,000 BTC. Because why stop at 93 when you can go full crypto-hoarder? To fund this madness, they raised $40 million last month-money they’ll probably spend on bitcoin, stress balls, and therapy.
In September, they also bought SGA Co. Ltd. for $50 million, because nothing says “serious business” like acquiring your own subsidiary. They used to be an IT and cybersecurity provider, but now? Bitcoin or bust, baby! 🎲
Their investor list reads like a who’s who of “people who have too much money,” including Metaplanet’s Simon Gerovich, AsiaStrategy, Sora Ventures, UTXO Management, and Kingsway Capital. Industry experts say joining the big leagues requires at least 12,000 BTC. So, Bitplanet’s got some… uh… catching up to do.
Meanwhile, BITPLANET Co., Ltd. (049470.KQ) shares are up 2.12%-probably because investors love a good rollercoaster. 🎢
Why Should You Care? (Spoiler: You Probably Shouldn’t)
Corporate bitcoin adoption in Asia is rarer than a well-done steak in Korea. Japan’s Metaplanet is the only Asian firm in the top five bitcoin holders, with over 30,000 BTC. If Bitplanet hits 10,000 BTC, they’ll be the second-which is like being the silver medalist in the “Who Can Lose the Most Money?” Olympics.
This all comes just before South Korea’s Digital Asset Basic Act kicks in, because nothing says “fun” like government-regulated crypto chaos. Buckle up, folks-this ride’s just getting started! 🎢🤪
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2025-10-27 09:26