South Korean public company BitPlanet has made history by purchasing 93 Bitcoin under new compliance regulations. This represents the first regulated Bitcoin acquisition by a Korean entity, marking a significant step towards institutional adoption of digital assets within South Korea’s financial landscape. The move reflects a strategic investment in Bitcoin, with the company targeting a future Bitcoin reserve of 10,000 BTC. 5.7% market growth is attributed to this purchase and aligns with ongoing trends in institutionalized cryptocurrency holdings. BitPlanet’s acquisition is part of their $40 million investment plan, which aims to comply with stricter regulations and enhance the company’s governance processes.