PANews reported on October 27th that South Korean listed company Bitplanet has launched its first daily Bitcoin accumulation program, acquiring the asset as part of a broader effort to build a substantial reserve using the world's largest cryptocurrency. The company also purchased 93 Bitcoins last Sunday. The company disclosed in late August its plan to build a treasury of 10,000 Bitcoins using $40 million in new funding and a rebranding effort.
South Korea’s Digital Asset Basic Law, introduced in June 2025 and expected to take effect in 2027, aims to set unified standards for token issuance, custody, and corporate cryptocurrency holdings. When asked what investors can expect from Bitplanet after the law’s implementation, Lee stated that the company has been operating under “a stricter interpretation of the current Financial Services Commission guidelines to ensure a smooth transition” and has been “preparing to meet or exceed” its regulatory requirements.
