TLDR
- Bitplanet secures $40M to establish Korea’s first institutional Bitcoin treasury.
- Asia Strategy Partners becomes largest shareholder through SGA acquisition.
- Funds will be deployed immediately after SGA rebrands as Bitplanet.
- Korea joins Japan in corporate Bitcoin adoption with new treasury plans.
South Korea has entered a new phase of corporate Bitcoin adoption as Bitplanet announced the country’s first institutional Bitcoin treasury. The move involves a $40 million allocation into BTC, positioning the firm as a pioneer in South Korea’s growing digital asset market. The launch reflects rising interest among Asian companies to treat Bitcoin as part of their corporate reserves.
Bitplanet $40M Treasury Strategy
Bitplanet was introduced at Bitcoin Asia 2025 by Paul Lee, Co-Founder and Managing Partner of Lobo Ventures. He confirmed that the firm will formally purchase $40 million worth of Bitcoin for its treasury.
Lee explained that the company would operate with a debt-free financial structure. “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,” he said.
The company’s approach is built on corporate control gained through this acquisition. This structure provides flexibility for treasury operations without reliance on leverage. Funds will be deployed at the start of operations, confirming the commitment to Bitcoin as a treasury reserve.
Backing and Rebranding of SGA
The move is supported by Asia Strategy Partners, which became the largest shareholder after a third-party share placement. The consortium’s acquisition and rebranding of SGA into Bitplanet is part of a broader digital asset strategy.
SGA had already been known for maintaining Bitcoin within its corporate treasury. Bitplanet will now build on this practice with institutional-grade custody and asset management services. Asia Strategy Partners’ focus on transparent treasury management is expected to shape future products and operational decisions of the firm.
Lee added that the rebranded entity will expand beyond holding BTC to offering financial services aligned with corporate treasury needs. The new structure is designed to function as a global institutional Bitcoin financial company.
South Korea Joins Asia’s Institutional Bitcoin Movement
The announcement places South Korea in line with developments seen in Japan and other Asian markets. In July, Nasdaq-listed K Wave Media disclosed a $1 billion treasury plan that allocated most of its financing to Bitcoin purchases.
Japan’s Metaplanet also revealed plans to raise $881 million through an international stock issuance for Bitcoin acquisition. These steps illustrate a wider trend where Asian corporations are adopting BTC as part of their balance sheets.
South Korea’s blockchain sector has previously focused on partnerships tied to XRP products. For instance, BDACS recently introduced XRP custody services for institutional clients. Bitplanet’s entry into the Bitcoin treasury space signals a shift toward broader digital asset solutions within the country.
Industry analysts suggest that the new initiative establishes South Korea as an active participant in the regional adoption of Bitcoin at a corporate level. The move may also encourage more domestic firms to consider digital assets for long-term reserves.
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