Korean-listed BTC treasury company Bitplanet has made its first purchase of 93 BTC.
ChainCatcher reported that the Korean listed company Bitplanet has executed the first purchase under its daily bitcoin accumulation plan, acquiring 93 BTC on Sunday. This is part of the company's goal to build a reserve of 10,000 bitcoins. Reportedly, the company is backed by Metaplanet CEO Simon Gerovich, and this move is positioned as the first bitcoin purchase by a listed company in Korea.
Bitplanet previously announced this plan at the Bitcoin Asia 2025 conference at the end of August and underwent a rebranding, reserving $40 million for future purchases. Co-CEO Paul Lee stated that this move provides a legitimate and prudent risk management approach for bitcoin acquisition. The company has fully disclosed these purchases through the compliance monitoring platform of the Korean Financial Services Commission.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoJ's Asada says must be mindful of expected effect of past rate increases on economy
Semafor: Some members of Nvidia's board favor appointing CFO Colette Kress as interim CEO
The 160 Threshold Under Threat Again! Yen Nears "Intervention Red Line," Tokyo May Spend Money Again to Rescue the Currency
The Japanese yen is approaching the 1 USD = 160 JPY level. Atsushi Mimura commented that the movement is "too fast." The US-Japan interest rate gap may widen further, and Japanese officials have hinted at being ready to intervene again.
Crypto prices
More
