Bitplanet Inc., supported by Sora Ventures, has successfully amassed a total of 300 bitcoins, securing its position as one of the top 20 corporate Bitcoin holders across Asia.
The South Korean company initiated its Bitcoin accumulation strategy in the last quarter of 2025. Its latest acquisitions took place in multiple stages from February 23 to February 26 through Upbit, a leading cryptocurrency exchange in South Korea.
These bitcoins are stored securely with a professional custody service provider, according to information shared with Bitcoin Magazine.
Paul Lee, Bitplanet’s CEO, emphasized that their approach goes beyond merely holding Bitcoin on their balance sheet. He explained that the company intends to develop operational methods aimed at generating revenue and positive cash flow over time by integrating Bitcoin treasury management with artificial intelligence technologies.
Bitplanet views Asia as a pivotal region for advancing digital asset treasury adoption and strives to establish itself as an institutional-grade corporate custodian known for transparency.
The firm also indicated potential plans to increase its Bitcoin holdings further depending on market trends, regulatory changes, and funding availability.
The Corporate Bitcoin Landscape
A number of investors specializing in digital asset treasuries back Bitplanet. These include Simon Gerovich from Metaplanet along with AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.
Metaplanet recently reported a net loss amounting to 95 billion yen (approximately $619 million) for fiscal year 2025. This was primarily due to a valuation drop of about 102.2 billion yen ($665.8 million) linked directly to its bitcoin portfolio’s decline in value.
This situation exemplifies the challenges faced by corporate buyers amid bitcoin price corrections following record highs reached last October.
By year-end Metaplanet held around 35,102 bitcoins valued near $2.4 billion—making it the fourth-largest publicly listed corporate holder worldwide after Strategy Holdings.
Over the past twenty-one months since starting their accumulation program until two weeks ago data shows Metaplanet invested close to $3.8 billion acquiring bitcoin at an average price near $107K per coin.
Diving into recent developments during Taipei Blockchain Week last quarter: Sora Ventures announced intentions to acquire up to $1 billion worth of bitcoin within six months backed initially by regional partners committing $200 million toward this goal.
Currently trading around $65K per BTC—down slightly from midweek peaks approaching $70K—the cryptocurrency market continues experiencing selling pressure affecting prices broadly across assets like bitcoin ($BTC).
This article titled “Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin,” ranking among Asia’s top twenty corporate holders originally appeared on Bitcoin Magazine, authored by Micah Zimmerman.