South Korea is now in the corporate bitcoin adoption race. Bitplanet, a newly rebranded financial firm, has announced the country’s first institutional-grade bitcoin treasury with a $40 million BTC allocation.

The news was revealed at Bitcoin Asia 2025 in Seoul by Paul Lee, Co-Founder and Managing Partner of Lobo Ventures, who called it a game-changer for the company and the financial industry in South Korea.

“Just two days ago, our investor consortium acquired 62% of SGA, a CoStack-listed SI provider, giving us full board control. Within two weeks, we will rebrand it as Bitplanet and immediately deploy over $40 million into our bitcoin strategy,” Lee said…

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