Bitplanet Launches Korea’s First Bitcoin Treasury, Plans $40M BTC Purchase
The post Bitplanet Launches Korea’s First Bitcoin Treasury, Plans $40M BTC Purchase appeared on BitcoinEthereumNews.com. South Korea’s Bitplanet has announced plans to establish the nation’s first institutional-grade Bitcoin treasury. This comes after it secured $40 million in fresh capital to fund this BTC corporate strategy. Bitplanet to Establish Korea’s First Institutional Bitcoin Treasury Speaking at Bitcoin Asia 2025, Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, revealed plans to establish a new Bitcoin treasury firm, Bitplanet. He shared that the firm will formally allocate $40 million to acquire BTC as part of its treasury plan. He described the initiative as a move to build an institutional-grade custody and asset management platform. This would position the firm as South Korea’s first global institutional BTC financial company. In his remarks, Lee emphasized the company’s streamlined financial structure. He also noted that the move was executed without incurring debt. “Just two days ago, our investor consortium acquired 62% of SGA, a CoStack-listed SI provider, giving us full board control. Within two weeks, we will rebrand it as Bitplanet and immediately deploy over $40 million into our Bitcoin strategy,” Lee said. This approach, he argued, gives the company the flexibility and strength to grow without the financial burden of leverage. The funds will be deployed on the first day of launch. SGA’s rebranding as Bitplanet represents a more significant move towards the use of cryptocurrencies and blockchain adoption. The move comes through a third-party share placement, with Asia Strategy Partners emerging as the largest shareholder. The company would build on SGA’s existing reputation for holding a significant portion of its corporate treasury in BTC. Experts note that Asia Strategy Partners’ investment philosophy provides a transparent roadmap for the firm’s future direction. Their expertise in treasury management could shape the company’s upcoming products and operational strategies. South Korea’s BTC Treasury Push Gains Momentum This new treasury firm announcement follows…
The post Bitplanet Launches Korea’s First Bitcoin Treasury, Plans $40M BTC Purchase appeared on BitcoinEthereumNews.com.
South Korea’s Bitplanet has announced plans to establish the nation’s first institutional-grade Bitcoin treasury. This comes after it secured $40 million in fresh capital to fund this BTC corporate strategy. Bitplanet to Establish Korea’s First Institutional Bitcoin Treasury Speaking at Bitcoin Asia 2025, Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, revealed plans to establish a new Bitcoin treasury firm, Bitplanet. He shared that the firm will formally allocate $40 million to acquire BTC as part of its treasury plan. He described the initiative as a move to build an institutional-grade custody and asset management platform. This would position the firm as South Korea’s first global institutional BTC financial company. In his remarks, Lee emphasized the company’s streamlined financial structure. He also noted that the move was executed without incurring debt. “Just two days ago, our investor consortium acquired 62% of SGA, a CoStack-listed SI provider, giving us full board control. Within two weeks, we will rebrand it as Bitplanet and immediately deploy over $40 million into our Bitcoin strategy,” Lee said. This approach, he argued, gives the company the flexibility and strength to grow without the financial burden of leverage. The funds will be deployed on the first day of launch. SGA’s rebranding as Bitplanet represents a more significant move towards the use of cryptocurrencies and blockchain adoption. The move comes through a third-party share placement, with Asia Strategy Partners emerging as the largest shareholder. The company would build on SGA’s existing reputation for holding a significant portion of its corporate treasury in BTC. Experts note that Asia Strategy Partners’ investment philosophy provides a transparent roadmap for the firm’s future direction. Their expertise in treasury management could shape the company’s upcoming products and operational strategies. South Korea’s BTC Treasury Push Gains Momentum This new treasury firm announcement follows…
What's Your Reaction?
