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Bitplanet Launches South Korea’s First Institutional Bitcoin Treasury With $40 Million Buy

Backed by a 62% stake from Asia Strategy Partners, the rebranded SGA is starting with a debt-free approach.

Overview

  • Paul Lee announced the launch at Bitcoin Asia 2025, confirming an immediate $40 million allocation to BTC.
  • The company plans institutional custody and asset-management services centered on Bitcoin.
  • Asia Strategy Partners is the largest shareholder and is expected to guide treasury operations and new product development.
  • The move aligns Korea with regional corporate Bitcoin treasuries such as K Wave Media’s $1 billion plan and Metaplanet’s recent capital raises in Japan.
  • South Korea’s Financial Services Commission is preparing an October bill for won-backed stablecoins and clearer digital-asset rules.