Bitplanet Launches Korea’s First Bitcoin Treasury, $40M Purchase in Motion

Jimmy Aki
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On August 28, South Korea’s Bitplanet announced that it will create the country’s first institutional-grade Bitcoin treasury, marking a major step in bringing digital assets into corporate finance.

The company secured $40 million in new funding to back this strategy, which will be used to purchase Bitcoin as part of its long-term investment and treasury management plan.

The Race for Asia’s Corporate Bitcoin Leadership Gets Hotter

Speaking at Bitcoin Asia 2025, Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, announced the launch of a new Bitcoin treasury firm called Bitplanet.

He explained that two days earlier, the Lobo Ventures investor consortium acquired a 62% stake in SGA, a systems integration provider listed on CoStack, South Korea’s tech-focused stock exchange.

By securing this majority stake, the consortium gained full board control to reshape the company’s direction.

SGA will rebrand as Bitplanet, and on its first day of operations, the firm plans to deploy more than $40 million directly into Bitcoin.

Lee described Bitplanet’s mission as more than just buying Bitcoin. The company intends to build an institutional-grade custody and asset management platform, making it South Korea’s first global financial firm dedicated to Bitcoin.

The entry into the Bitcoin market comes at a time when competition among Asian firms to hold BTC in their treasuries is heating up.

Metaplanet is one of the companies leading this wave as the Japanese firm, once a hotel management company, has reinvented itself under CEO Simon Gerovich as one of Asia’s most aggressive corporate Bitcoin holders.

On August 25, Metaplanet added 103 BTC worth about ¥1.736 billion (around $11.8 million). That purchase pushed its total holdings to 18,991 BTC.

The movement is spreading beyond single firms.

On August 18, Tokyo-based LibWork announced it will begin purchasing Bitcoin systematically, starting with $3.3 million (¥500 million), between September and December 2025.

At the same time, Quantum Solutions, an AI-focused company in Japan, announced that it intends to allocate up to $10 million into Bitcoin over the next 12 months.

Together, these moves show a pattern. More Asian companies are turning to Bitcoin as both an investment and a reserve asset.

For South Korea, Bitplanet’s $40 million launch signals that the country is now ready to compete with Japan as a centre for institutional Bitcoin adoption.

$1M BTC Price Projection Drives New Market Entry

Bold forecasts are also fueling the regional push into Bitcoin.

On August 20, Coinbase CEO Brian Armstrong predicted that Bitcoin could reach $1 million by 2030. His outlook was built on three main drivers: Bitcoin’s fixed supply, rapid institutional adoption, and ongoing global economic uncertainty.

Armstrong’s prediction is not an isolated view.

Jack Dorsey, the former CEO of Twitter, has also said that Bitcoin could hit $1 million by 2030. Meanwhile, Cathie Wood of ARK Invest has outlined an even more optimistic bull-case scenario of $1.5 million.

For all three, the reasoning is similar: as Bitcoin becomes more widely used by companies and governments, it could act like digital gold, serving as a global reserve asset.

Confidence in that idea is already shaping corporate moves. Shortly after Armstrong’s comments, Strategy, the world’s largest corporate Bitcoin holder, revealed a $356.9 million Bitcoin purchase.

For many investors, this was more than a show of confidence. It was a signal that Bitcoin is now seen as a serious and trusted asset class.

Large-scale acquisitions like this also squeeze supply. With fewer coins available in the open market, the BTC price has more room to climb, often lifting other cryptocurrencies along with it.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.