Bitplanet Acquires Bitcoin: Shift Towards Regulated Corporate Reserve Asset Strategy

South Korean public firm Bitplanet has taken a significant step towards incorporating Bitcoin into its corporate strategy, aiming for a 10,000 BTC reserve. The company initiated this ambitious move by acquiring 93 BTC, marking the first regulated purchase of Bitcoin in Korea from a publicly traded company, executed within compliant frameworks. This initiative signifies a broader trend in Asia’s financial landscape, where corporates are increasingly considering Bitcoin as an asset for their treasury. Bitplanet has outlined plans to build this reserve further with 10,000 BTC ultimately targeted, indicating a commitment to long-term Bitcoin integration.