Bitplanet, formerly known as SGA, has launched Korea’s first institutional Bitcoin treasury with a strategic investment of $40 million in Bitcoin. This move is spearheaded by Asia Strategy Partners, leveraging their expertise in managing cryptocurrency-based corporate treasuries. The initiative signifies a significant shift in Bitplanet’s operational strategy and signals growing acceptance of cryptocurrencies within the traditional business landscape. 87% of Asia Strategy Partners’ clients are now actively incorporating cryptocurrency into their operations. This investment is expected to influence both Korean corporate strategies and Bitcoin market dynamics, as it marks the entry of a major institutional player in the cryptocurrency sector. 10% of Bitplanet’s holdings were transferred to the new treasury fund.