Bitplanet Inc., a South Korea-listed company, has accumulated 300 BTC through a structured purchase program, positioning itself among the top 20 corporate Bitcoin holders in Asia. The firm, backed by Sora Ventures, began building its BTC treasury in Q4 2025. Its most recent purchases were executed in phases between Feb. 23 and Feb. 26 via Upbit, one of South Korea’s largest cryptocurrency exchanges. Bitplanet told Bitcoin Magazine that the BTC will be held with a professional custody provider.
Beyond Balance Sheet: Bitplanet’s Strategic Play
CEO Paul Lee emphasized that the company is not simply accumulating Bitcoin. “We are not simply accumulating Bitcoin,” Lee said. He added that Bitplanet plans to explore operational strategies that could generate revenue and cash flow over time, linking BTC treasury management with artificial intelligence computing initiatives. Bitplanet views Asia as a key driver of the next phase of digital asset treasury adoption and aims to become a transparent, institutional-grade corporate Bitcoin holder. The company may expand its holdings further, subject to market conditions, regulatory developments, and financing availability.
Behind Sora Ventures and Corporate Holding Pressures
Bitplanet’s backers include several notable digital asset treasury investors, such as Simon Gerovich of Metaplanet, as well as AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. However, peer Metaplanet posted a net loss of ¥95 billion ($619 million) for fiscal 2025, driven by a ¥102.2 billion ($665.8 million) valuation decline on its bitcoin holdings. This disclosure marks the latest example of a corporate bitcoin buyer facing pressure as the cryptocurrency’s price slid from record highs in October 2025. Metaplanet ended the year with 35,102 BTC, valued at approximately $2.4 billion, making it the fourth-largest public corporate BTC holder globally, behind Strategy. According to data from two weeks ago, Metaplanet spent nearly $3.8 billion over 21 months, averaging $107,000 per coin.
Bitcoin Market Outlook and Sora Ventures’ Ambitious Plan
Last quarter, Sora Ventures unveiled plans at Taipei Blockchain Week to purchase $1 billion in BTC within six months, backed by a $200 million initial commitment from regional partners. Today, Bitcoin (BTC) is trading near $65,000, drifting lower from mid-week highs near $70,000 amid persistent selling pressure across crypto markets. Bitplanet’s accumulation coincides with a market correction, and its ability to generate returns through its AI-linked strategy remains to be seen.