$40M Bitcoin Treasury Launch Marks South Korea’s First Institutional Crypto Move
South Korea has officially entered the institutional Bitcoin race with Bitplanet, a rebranded firm formerly known as SGA, unveiling a $40 million BTC treasury.
This historic move aligns Bitplanet as the first company in the country to integrate Bitcoin into its corporate reserves, marking a major shift in financial strategy and signaling growing institutional adoption of digital assets.
The transition to Bitplanet followed a corporate restructuring led by Asia Strategy Partners, now the firm’s largest shareholder. The rebranding reflects a bold pivot toward blockchain-driven financial planning, aligning with global trends where corporations increasingly treat Bitcoin as a strategic reserve asset.
