Korean listed company Bitplanet launches daily Bitcoin accumulation plan

According to ChainCatcher, citing Decrypt, South Korean listed company Bitplanet has launched its first daily Bitcoin accumulation plan as part of a broader effort to build a substantial capital reserve using the world's largest cryptocurrency, and has purchased the asset. In addition, the company acquired 93 Bitcoins last week.

At the end of August, the company disclosed its plan to use $40 million in new funds and a rebranding to establish a treasury holding 10,000 Bitcoins. South Korea's "Basic Act on Digital Assets," which will be launched in June 2025, is expected to come into effect in 2027 and aims to set unified standards for token issuance, custody, and corporate cryptocurrency holdings. When asked what investors can expect from Bitplanet after the law is implemented, Lee stated that the company has been operating according to "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.