In brief
- The company has acquired 93 BTC as part of its daily accumulation program.
- It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand.
- Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows.
South Korea’s publicly listed Bitplanet has executed the first of its daily Bitcoin accumulation plan, buying the asset as part of a broader effort to build a significant war chest using the world’s largest crypto.
The Bitcoin treasury company, backed by Metaplanet CEO Simon Gerovich, purchased 93 BTC on Sunday, one of many expected instances, as it marches toward a 10,000 BTC target.
The program, executed via a regulated and compliant infrastructure, is being positioned by the company as the first Bitcoin purchase by a public Korean firm.
Bitplanet first announced its plan to acquire the crypto during Bitcoin Asia 2025 in late August alongside a rebranding, earmarking $40 million for future purchases.
Bitplanet co-CEO P
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Author: Vince Dioquino
