Bitplanet Unveils South Korea’s First Institutional Bitcoin Treasury, Plans $40 Million Buy

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.

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