Overview

• The company emerges from a rebrand of CoStack-listed SGA after Asia Strategy Partners acquired a 62% stake through a third-party share placement.
• Bitplanet says it will deploy $40 million into bitcoin on launch, describing the effort as the nation’s first institutional-grade BTC treasury.
• Leaders emphasize no leverage will be used for the purchases, citing flexibility and lower risk for ongoing treasury management.
• Plans include building institutional custody and asset-management capabilities around bitcoin to expand product offerings.
• The move joins a regional push that includes K Wave Media’s disclosed $1 billion BTC treasury plan and Metaplanet’s large share issuance, as South Korea’s FSC drafts an October bill for won-backed stablecoins.