Bitplanet Joins Asia’s Top 20 Corporate Bitcoin Holders with 300 BTC Accumulation

Bitplanet Inc., a South Korea-listed company, has secured a position among the top 20 corporate Bitcoin holders in Asia after accumulating 300 BTC through a structured purchase program. Backed by Sora Ventures, the company began its Bitcoin treasury build in the fourth quarter of 2025 and completed its most recent acquisitions between February 23 and February 26, 2026, via Upbit, South Korea’s largest cryptocurrency exchange. Bitcoin Magazine first reported the news.

Strategic Bitcoin Acquisition and Custody

The 300 BTC holdings represent a significant step in Bitplanet’s strategy to integrate digital assets into its operations. The company intends to hold its Bitcoin with a professional custody provider, ensuring institutional-grade security. Crypto.jobs highlights the growing institutional adoption of Bitcoin treasury strategies in the Asia-Pacific region.

Beyond Balance Sheet Exposure: AI and Revenue Generation

Bitplanet’s Chief Executive Paul Lee emphasized that the company’s approach extends beyond simply holding Bitcoin as a balance sheet asset. Bitplanet plans to explore operational strategies that link Bitcoin treasury management with artificial intelligence computing initiatives, aiming to generate revenue and cash flow. Bitcoin Magazine reported on this strategic direction.

Market Context and Corporate Bitcoin Holdings

Bitplanet’s move comes amid increasing corporate interest in Bitcoin, though recent market volatility has presented challenges. As of February 28, 2026, Bitcoin is trading near $65,000, a decrease from mid-week highs around $70,000. Crypto.jobs notes that this volatility has tested the resolve of corporate holders.

Metaplanet, another Asian corporate Bitcoin holder backed by Sora Ventures investor Simon Gerovich, recently reported a net loss of 95 billion yen ($619 million) for fiscal 2025, largely due to a $665.8 million valuation decline in its Bitcoin holdings. Crypto.jobs details this example of the pressures faced by corporate Bitcoin buyers.

Investment and Future Expansion

Bitplanet, formerly known as SGA, initiated its Bitcoin acquisition after receiving investment from Sora Ventures. Coinness reports that this transaction marks the first instance of a publicly traded South Korean company purchasing BTC through Upbit. The company has indicated it may expand its holdings further, contingent on market conditions, regulatory developments, and financing availability. CryptoNews too covered the acquisition.

Sora Ventures itself plans to purchase $1 billion in BTC within six months, backed by a $200 million initial commitment from regional partners. Bitcoin Magazine reported on these plans during Taipei Blockchain Week.