South Korea’s Bitplanet Unveils $40M Bitcoin Treasury Strategy

Highlights:

• Bitplanet commits $40 million to introduce the first institutional Bitcoin treasury in South Korea.
• Asia Strategy Partners acquires 62% of SGA and rebrands it as Bitplanet.
• South Korea joins Japan in advancing corporate Bitcoin treasury adoption.

Bitplanet has introduced the initial institutional Bitcoin treasury of South Korea with a fund allocation of $40 million. This strategic approach is a milestone in increasing the interest of the country in the institutional-grade digital assets. The company unveiled the plan at Bitcoin Asia 2025, indicating a significant shift in the financial sector of South Korea.

Paul Lee, Lobo Ventures Managing Partner, stated during his keynote that,

“The mission of Bitplanet is to become a global Bitcoin treasury platform with robust custodial and asset management functions. We are starting this initiative with no debt, and all of it is financed by equity, which will afford us financial flexibility and long-term resilience.”

This $40 million will be deployed as soon as Bitplanet is officially launched. This is in response to the recent acquisition of 62% of SGA, a listed systems integration provider. Moreover, the rebranding as Bitplanet completes the switch within the firm towards a strategy based on a Bitcoin treasury. An investor group, headed by Asia Strategy Partners, completed the acquisition.

JUST IN: Bitplanet launches Korea's first global institutional #Bitcoin treasury company.

They plan to buy $40 million of #Bitcoin pic.twitter.com/3C5B0e2iTT

— Bitcoin Magazine (@BitcoinMagazine) August 28, 2025

Bitcoin Treasury Strategy Gains Momentum in South Korea

This announcement reflects a major shift in the corporate financing models in the region. Bitplanet will use its streamlined capital structure to drive long-term growth. In addition, Lee asserts that debt avoidance offers a financial superiority to the firm, enabling it to enjoy more freedom in fluctuating market seasons.

The SGA deal gives Asia Strategy Partners a controlling interest in Bitplanet. Their involvement brings treasury management expertise and a transparent corporate governance model. These factors play a central role in the Bitplanet growth plan and product launch.

Even prior to the rebranding, SGA had retained some of its corporate reserves in BTC. The new strategy builds upon that foundation with a push to completely institutionalize a Bitcoin treasury. Analysts in the industry reckon that this may fuel similar actions in the technological and financial sectors in South Korea.

Bitplanet has pioneered a precedent in the region by converting an already existing technology company into a Bitcoin-focused treasury platform. This transition is part of a wider corporate shift toward using Bitcoin as a treasury reserve asset. Moreover, the firm intends to establish institutional standards of BTC strategies throughout Asia.

Regional Trend: Asia’s Bitcoin Treasury Movement Expands

The entry of South Korea into the field of Bitcoin treasury development follows similar trends in other countries within its region. Nasdaq-traded K Wave Media announced the $1 billion bitcoin treasury program in July. It also had a deal with Anson Funds of 500 million dollars to fund the BTC plan. Meanwhile, the Japanese company Metaplanet said it would raise $881 million to purchase BTC through foreign stock offerings. These efforts point to a regional surge in Bitcoin adoption at the corporate level.

*Notice Regarding Issuance of New Shares by way of International Offering* pic.twitter.com/wvvepNrXpH

— Metaplanet Inc. (@Metaplanet_JP) August 27, 2025

The South Korean blockchain ecosystem recently leaned towards products based on XRP. For instance, BDACS introduced XRF custody services that targeted large businesses. However, the move toward Bitcoin treasury approaches indicates the rising interest in broader digital asset solutions.

In addition, major corporate BTC accumulations coincide with Bitcoin’s recent price rally. BTC hit a new all-time high this month, above $124k, before correcting to $110k. Despite the pullback, a recent analysis shows that the cryptocurrency could rally back to $120k soon if the key support level holds and institutional adoption continues.