Bitplanet Kicks Off 10,000 BTC Treasury with $10M Purchase

Bitplanet, South Korea’s publicly listed Bitcoin treasury company, has launched its daily accumulation plan by purchasing 93 BTC valued at $10 million, marking the nation’s first regulated corporate BTC buy.

Strategic Launch: Debt-Free Accumulation

The KOSDAQ-listed firm, backed by Metaplanet CEO Simon Gerovich and Sora Ventures, aims to build a 10,000 BTC reserve using $40 million in funding. Co-CEO Paul Lee emphasized prudent risk management: “Our infrastructure enables legitimate BTC acquisition through regulated channels.” The program, unveiled at Bitcoin Asia, involves daily buys to mitigate timing risks, with initial purchases disclosed via the Financial Services Commission’s monitoring platform.

• Initial Buy: 93 BTC ($10M at $110,000/BTC).
• Funding: $40M dedicated; no debt strategy.
• Compliance: FSC oversight; first for Korean public firms.

Market Context: Rebound and Regional Trends

Bitplanet’s move coincides with Bitcoin’s 6.7% weekly gain to $115,200, recovering from October’s $19 billion liquidation event. It positions Bitplanet as Asia’s BTC treasury pioneer, amid exchanges’ resistance to crypto holdings. The Digital Asset Basic Act, effective 2027, will standardize token issuance and custody, potentially accelerating adoption.

2025 Outlook: $130K-$200K BTC Consensus

Analysts forecast BTC at $130K-$200K by year-end. Changelly sees $123,849 in October; CoinDCX $131,500. VanEck targets $180K-$200K on ETF momentum. For investors, how to buy Bitcoin via compliant platforms ensures entry. How to sell Bitcoin and how to cash out Bitcoin offer liquidity. Sell Bitcoin for cash and convert Bitcoin to cash enable fiat conversions.

In summary, Bitplanet’s $10M BTC buy launches Korea’s treasury era, blending regulation with innovation for 2025’s surge.