Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin, Ranks Among Asia’s Top 20 Corporate Holders

Bitplanet Inc., a South Korea-listed company supported by Sora Ventures, has successfully accumulated 300 Bitcoin (BTC) through a structured purchase program, achieving a ranking among the top 20 corporate Bitcoin holders in Asia. The purchases were finalized between February 23 and February 26 via the Upbit exchange, and the BTC will be secured with a professional custody provider. CEO Paul Lee stated that the company's focus extends beyond simple balance sheet accumulation; they plan to integrate BTC treasury management with artificial intelligence computing initiatives to generate revenue and cash flow. Bitplanet aims to be a transparent, institutional-grade corporate holder, viewing Asia as a crucial area for digital asset treasury adoption. The company may increase its holdings based on market conditions and financing. The article also briefly mentions Metaplanet, another corporate Bitcoin holder backed by similar investors, which recently reported a significant net loss due to the decline in its Bitcoin valuation.

(Source：Bitcoin Magazine)