What Bitplanet Co. does

Bitplanet Co., Ltd. (KOSDAQ: 049470) is a Korean-listed digital asset company operating a Bitcoin treasury strategy under its Digital Asset Strategy (DAS) division, alongside a legacy system integration (SI) business. Originally founded in 1997 as SGA (Security Global Alliance), the company underwent a change of control in September 2025 when ASIA Strategy Partners LLC — a Delaware SPV backed by Sora Ventures, AsiaStrategy, UTXO Management, ParaFi Capital, and Kingsway Capital — became the largest shareholder, the company rebranded to Bitplanet, and the strategic mandate pivoted toward digital asset treasury management. The DAS division executes Bitcoin accumulation through Korean FIU-licensed exchanges (primarily Upbit) using a proprietary Straight-Through Processing (STP) framework that unifies funding, purchase, settlement, and custody into a single auditable flow, with policy-driven DCA accumulation governed by quantitative targets, exposure limits, and rebalancing rules.

Bitplanet's SI division remains a meaningful operating pillar, generating 361 billion KRW in 2024 revenue through long-standing contracts to design, build, and maintain IT infrastructure for the Korean Ministry of Education, regional education offices, KERIS, and other public institutions. It operates the National Education Administration Information System (NEIS), covering 11,000+ schools and 6.48 million students, providing a stable recurring-services base. The DAS division has aggressively scaled Bitcoin holdings to 300 BTC as of February 2026 (ranked 82nd globally at 265 BTC in December 2025) with a stated long-term target of 10,000 BTC for top-10 global Bitcoin holder status, and has launched adjacent growth lines including GPU distribution (5 billion KRW quarterly revenue target), Bitcoin mining via an MOU with Nasdaq-listed AntAlpha targeting 90 BTC annual output from facilities in Oman and Paraguay, and an AI data center business through an MOU with Neo AI Cloud.

The company generates revenue through four primary streams: (1) professional-services SI contracts with public-sector clients; (2) hardware distribution (GPUs and mining equipment); (3) capital-markets-linked NAV premium capture from its Bitcoin holdings and treasury strategy; and (4) emerging Bitcoin mining and AI infrastructure revenue. Bitplanet listed its market cap at over 700 billion KRW as of March 2026, with average daily trading volume above 6 billion KRW, and approved a 5-for-1 stock consolidation in March 2026 to stabilize share price. Leadership is structured as co-CEOs: Paul Lee (이성훈, Stanford BS / Harvard Law JD, ex-BitGo Ventures) leads DAS, while Park Jae-han (박재한) leads SI; Jason Fang (Sora Ventures founder) serves as Chairman.

Name

Bitplanet Co.

Legal name

BITPLANET Co.,Ltd.

Website

https://bit-planet.kr

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Bitplanet Co. is a Korean KOSDAQ-listed digital asset company operating a Bitcoin treasury strategy alongside a legacy education-sector system integration business, serving government institutions and capital markets investors with growing AI infrastructure and mining operations.

Ownership category

akta.pro rank

Product category

Digital Asset Treasury Management

NAICS

Trusts, Estates, and Agency Accounts (525920)

SIC

Finance Services (6199)

akta.pro primary industry

Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)

Keywords

• Bitcoin treasury management
• Digital asset strategy
• System integration services
• Ai infrastructure distribution
• Cryptocurrency asset management

Headquarters

HQ city

Uiwang

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. System Integration (SI) Services: Long-standing SI business providing IT infrastructure design, construction, and maintenance for education and government sectors. Manages NEIS (National Education Administration Information System) covering 11,000+ schools and 6.48M students. Revenue of 361 billion KRW in 2024.
2. GPU Distribution / AI Infrastructure: GPU hardware distribution as a new growth axis. Quarterly target of 5 billion KRW in GPU distribution revenue. Partnerships with AI cloud service providers for domestic AI data center business.
3. Bitcoin Treasury Operations: Core Digital Asset Strategy (DAS) business: acquiring and holding Bitcoin as a treasury asset. Company holds 300 BTC as of February 2026 with a long-term goal of 10,000 BTC. Revenue from NAV premium, capital markets financing, and energy-based investment platform model.
4. Bitcoin Mining: Bitcoin mining operations launched with 70 billion KRW convertible bond (CB) issuance. Partnerships with AntAlpha (Nasdaq-listed) for mining business expansion. Target of up to 90 BTC annual mining output, with facilities in Oman and Paraguay.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Bitplanet Co. operates two business divisions: DAS (Digital Asset Strategy), which acquires and holds Bitcoin as a treasury reserve asset through compliant domestic FIU-licensed exchanges using Straight-Through Processing (STP), targets 10,000 BTC holdings, and is expanding into GPU distribution, AI data centers, and Bitcoin mining; and SI (System Integration), which delivers IT infrastructure design, construction, and maintenance for the Korean education and public sectors, including operation of the NEIS (National Education Information System) covering 11,000+ schools and 6.48 million students.

Product overview

BITPLANET operates two core business divisions: DAS (Digital Asset Strategy) and SI (System Integration). DAS is the strategic focus area encompassing Bitcoin treasury management, GPU distribution, Bitcoin mining, and AI data center operations. SI maintains legacy operations providing IT infrastructure for education and public sectors, notably operating NEIS (National Education Information System). The company recently expanded into AI infrastructure via GPU distribution and data centers, while developing an energy-based investment platform vision connecting Bitcoin mining with AI computing power. The DAS and SI divisions are led by separate CEOs, reflecting the dual-track strategy of digital asset growth alongside stable SI revenues.

Differentiator

Problem solved

Functional benefit

Brands

• DAS (Digital Asset Strategy): Digital asset treasury business strategy focusing on Bitcoin as a reserve asset and financial strategy
• SI (System Integration)

Products and services

• DAS (Digital Asset Strategy) Core business division managing Bitcoin treasury operations, structured digital asset finance solutions, strategic partnerships in the global digital asset ecosystem, and regulatory compliance for Korean enterprises and institutional clients.
• SI (System Integration) System integration services for Korean education and public sectors, including operation and maintenance of NEIS (National Education Information System) covering 11,000+ schools and 6.48 million students, kindergarten administrative systems, and ITS (Intelligent Transportation System) projects for government agencies.
• Bitcoin Treasury Management Institutional-grade Bitcoin acquisition and custody service executing purchases through FIU-licensed domestic exchanges with full Straight-Through Processing (STP), providing transparent treasury operations with regular disclosures of holdings, average purchase cost, and risk metrics to enterprise clients.
• GPU Distribution AI infrastructure hardware distribution business partnering with GPU cloud service providers to distribute GPU computing resources domestically, with a quarterly revenue target of 5 billion KRW.
• Bitcoin Mining Bitcoin mining operations through partnership with Nasdaq-listed AntAlpha, targeting up to 90 BTC annual production with facilities in Oman and Paraguay, representing approximately 150 billion KRW investment.
• AI Data Center (AIDC) AI data center development and operation services building high-density GPU clustering infrastructure in partnership with NeoAICloud for domestic AI computing power needs in South Korea.

Quantifiable outcome

• First domestic listed company to complete full Bitcoin treasury transaction cycle through compliant domestic channels
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core, strategic and minor.

• Neo AI Cloud (네오AI클라우드)coreStrategic or Co-development Partner · 25 June 2026MOU for joint promotion of domestic AI data center (AIDC) business. Bitplanet and Neo AI Cloud plan to build high-density GPU clustering infrastructure for AI computing services in South Korea. This supports Bitplanet's strategy of combining energy infrastructure with AI data center operations.
• AntAlpha (앤트알파)coreStrategic or Co-development Partner · 24 June 2026Nasdaq-listed AntAlpha is a fintech company specializing in Bitcoin mining operations. Bitplanet signed an MOU with AntAlpha for Bitcoin mining business expansion, targeting up to 90 BTC annual mining output. A 150 billion KRW project is being launched with facilities in Oman and Paraguay. This is a flagship partnership for Bitplanet's mining strategy.
• CoreTrustLink (코어트러스트링크)strategicImplementation/ SI/ Consulting Partner · 8 June 2026MOU for joint promotion of education administration computerization business. Bitplanet and CoreTrustLink (CTL) collaborate on digital administrative system modernization for educational institutions, combining Bitplanet's NEIS expertise with CTL's capabilities. Part of SI Division's expansion of public sector digital transformation projects.
• Baeknyeongaege (백년가게)minorStrategic or Co-development Partner · 22 May 2026MOU for building a small merchant payment and store management platform. Bitplanet plans to develop a digital payment platform integrated with store operations for small merchants ('백년페이' ecosystem), leveraging stablecoin payment capabilities. Targets SMB segment underserved by traditional payment infrastructure.
• Upbit (업비트)coreTechnology or Integration · 23 February 2026Upbit is the domestic FIU-licensed cryptocurrency exchange used by Bitplanet for BTC spot purchases. Bitplanet became the first domestic listed company to purchase BTC spot through Upbit, using USDT held at a domestic custodian, transferred to Upbit, and converted to BTC. This partnership enables compliant Bitcoin acquisition under Korea's Special Financial Information Act.

Scale indicators5 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Coinbase Global: Largest US-listed crypto exchange and custodian providing the trading, custody, and FIU-style regulated infrastructure that underpins institutional Bitcoin treasury operations including Bitplanet's own Upbit-mediated transactions. Broad incumbent in the same crypto ecosystem rather than direct treasury peer.
• Galaxy Digital: Diversified crypto financial services firm spanning trading, asset management, mining, and treasury operations. Comparable to Bitplanet on the diversified crypto-financial-strategy dimension and on the institutional/Bitcoin-treasury framing, but operates at materially larger scale and broader scope.

Direct peers

• CleanSpark: US-listed Bitcoin miner with an explicit energy-infrastructure thesis and growing BTC treasury. Directly comparable to Bitplanet's energy-based investment platform vision combining Bitcoin mining and AI data center operations in international jurisdictions.
• Strategy (formerly MicroStrategy): The pioneer and largest corporate Bitcoin treasury company, holding hundreds of thousands of BTC on its balance sheet. Bitplanet follows the same playbook — publicly listed company acquiring BTC as a treasury reserve asset and trading at a NAV premium — making Strategy the most directly comparable peer and the de facto template for the Korean market.
• Riot Platforms: Major North American Bitcoin miner with vertical integration into power infrastructure and BTC treasury holdings. Comparable to Bitplanet on the mining-operations side and on the publicly listed vehicle-holding-BTC angle.
• Core Scientific: Publicly listed company that emerged from bankruptcy with a Bitcoin mining and AI/GPU hosting business, exemplifying the energy-infrastructure-to-AI-compute pivot Bitplanet is attempting via its NeoAI Cloud partnership and AntAlpha mining launch.
• Metaplanet: Japanese publicly listed company pursuing an aggressive Bitcoin treasury strategy with explicit top-tier accumulation targets and Asia-Pacific institutional backing. Closest Asia-listed Bitcoin treasury comparable, sharing Bitplanet's playbook of regulatory-first execution, public market access, and ambitious BTC holding goals.
• Hut 8: Publicly listed Bitcoin miner with diversified compute and energy infrastructure operations. Comparable to Bitplanet's mining and AI compute pivot, particularly the strategy of leveraging energy capacity for both BTC hashrate and adjacent compute workloads.
• Marathon Digital Holdings: One of the largest publicly traded Bitcoin mining companies in North America with significant BTC holdings on its balance sheet. Directly comparable to Bitplanet's newly launched Bitcoin mining initiative with AntAlpha targeting 90 BTC annual production in Oman and Paraguay.
• AsiaStrategy (NASDAQ: SORA): NASDAQ-listed sister entity under the Sora Ventures umbrella, pursuing the same Bitcoin treasury strategy across Asian markets. Same controlling-shareholder structure (Asia Strategy Partners LLC ecosystem), same chairman (Jason Fang), same investor syndicate — making it the closest strategic twin to Bitplanet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights1 record

Customer concentration

• Xx.com/Bitplanet_KR
• LinkedInlinkedin.com/company/bitplanet

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bitplanet Co.