Bitplanet has launched what it says is South Korea’s first global institutional Bitcoin treasury company, according to statements issued on 28 August. The Seoul-based firm plans to purchase about US$40 million worth of Bitcoin on the venture’s first day of operations, positioning the company to manage digital-asset reserves on behalf of corporate and other large clients.
🚨KOREA’S FIRST BITCOIN TREASURY IS HERE! 🇰🇷Bitplanet is set to become South Korea’s first global #Bitcoin treasury company — with an initial buy of $40 Million in BTC. 🔥 https://t.co/13bl05MjzB
🇰🇷 BULLISH: South Korean Bitplanet announces Bitcoin treasury strategy, making it the first global institutional $BTC treasury company in the country with plans to buy $40M worth of $BTC as a start. https://t.co/1VTR3MtNvH
BULLISH: BITPLANET HAS LAUNCHED KOREA'S FIRST GLOBAL INSTITUTIONAL BITCOIN TREASURY COMPANY, WITH PLANS TO PURCHASE $40 MILLION IN BITCOIN. https://t.co/Y3LpjTbk9U