Bitplanet Inc. has emerged as a significant player in the cryptocurrency space by accumulating 300 BTC through a structured purchase program, placing the South Korea-listed company among the top 20 corporate Bitcoin holders in Asia. Backed by Sora Ventures, Bitplanet began building its BTC treasury in the fourth quarter of 2025, aiming to leverage the growing digital asset market in the region.
Recent purchases occurred between February 23 and February 26 through Upbit, one of South Korea’s major cryptocurrency exchanges. The company announced that these Bitcoin holdings will be secured with a professional custody provider, emphasizing their commitment to safeguarding the assets. Paul Lee, Bitplanet’s Chief Executive, expressed that the company has broader objectives than merely accumulating Bitcoin. He elucidated the vision of exploring operational strategies that could enhance revenue generation and cash flow over time, tying the management of their BTC treasury to initiatives in artificial intelligence computing.
Bitplanet envisions Asia as a crucial factor in the next phase of digital asset treasury adoption. The company aims to establish itself as a transparent and institutional-grade corporate holder of Bitcoin. They indicated the possibility of expanding their holdings further, contingent on market dynamics, regulatory developments, and available financing.
The digital asset investment landscape reveals that Bitplanet is part of a broader cohort of corporate Bitcoin buyers who have faced pressure as cryptocurrency prices fluctuate. Notably, Metaplanet, one of Bitplanet’s backers, recently posted a substantial net loss of 95 billion yen ($619 million) for fiscal 2025, attributed mainly to a 102.2 billion yen ($665.8 million) valuation decline in its Bitcoin holdings. Despite this downturn, Metaplanet remains a significant player in the market, closing the year with 35,102 BTC valued around $2.4 billion, positioning it as the fourth-largest public corporate BTC holder globally.
Since initiating its BTC accumulation strategy 21 months ago, Metaplanet has invested nearly $3.8 billion, with an average purchase price of $107,000 per coin. Meanwhile, Sora Ventures has outlined ambitious plans to acquire $1 billion in BTC over the next six months, buoyed by a $200 million initial commitment from regional investors.
As of now, Bitcoin is trading near $65,000, down from mid-week highs around $70,000 amidst ongoing selling pressure in the cryptocurrency market. The current environment reflects the volatility that has characterized the digital asset space, raising questions about the outlook for corporate investors and the sustainability of their strategies in the face of price fluctuations.
