Sora-Backed Bitplanet Reaches 300 BTC, Ranks in Asia Top 20

What to Know

300 BTC — Bitplanet has accumulated 300 bitcoin through a structured buying program, entering Asia's top 20 corporate holders
$1 billion — Sora Ventures announced plans last quarter to acquire $1 billion in BTC within six months, backed by a $200 million initial commitment
35,102 BTC — Backer Metaplanet ended fiscal 2025 holding approximately $2.4 billion in bitcoin despite posting a 95 billion yen net loss
$65,000 — Bitcoin trades near $65,000 today, retreating from mid-week highs around $70,000 amid broad crypto selling pressure

Bitplanet Inc., backed by Sora Ventures, has reached 300 BTC in corporate Bitcoin holdings, placing the South Korea-listed firm among Asia's top 20 corporate holders. The company executed its latest purchases between February 23 and February 26 through Upbit, one of South Korea's largest cryptocurrency exchanges, and confirmed the coins will be stored with a professional custody provider.

Bitplanet's Structured BTC Treasury Strategy

Bitplanet began assembling its bitcoin treasury during Q4 2025 under the guidance of Sora Ventures. The firm chose phased purchases on Upbit over several days rather than a single large buy, methodically building toward its 300 BTC milestone announced today.

Chief Executive Paul Lee stressed the initiative goes beyond passive balance sheet exposure. Lee said in a statement that the company plans to explore operational strategies for revenue generation and cash flow, tying BTC treasury management to artificial intelligence computing initiatives.

We are not simply accumulating Bitcoin.
— Paul Lee, CEO of Bitplanet

Why Is Asia Emerging as a Hub for Corporate Bitcoin Adoption?

Asia is fast becoming a key frontier for institutional bitcoin treasury strategies, and Bitplanet aims to lead the charge. The company stated it views the region as a primary driver of digital asset treasury adoption, seeking to position itself as a transparent, institutional-grade corporate BTC holder.

Bitplanet's backers include Simon Gerovich of Metaplanet, AsiaStrategy, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital. The company indicated it may grow its holdings further depending on market conditions, regulatory developments, and financing availability.

Metaplanet's Mixed Fiscal Results Highlight BTC Risks

Metaplanet, a notable Bitplanet backer, posted a net loss of 95 billion yen ($619 million) for fiscal 2025. A 102.2 billion yen ($665.8 million) valuation decline on its bitcoin holdings drove the loss as prices slid from record highs in October.

Despite paper losses, Metaplanet closed the year with 35,102 BTC valued at roughly $2.4 billion, making it the fourth-largest public corporate BTC holder globally behind Strategy. Over 21 months, Metaplanet deployed nearly $3.8 billion at an average of approximately $107,000 per coin, according to data from two weeks ago.

Sora Ventures' Billion-Dollar BTC Ambition

Sora Ventures has set aggressive acquisition targets. Last quarter at Taipei Blockchain Week, the firm announced plans to purchase $1 billion in BTC within six months, supported by a $200 million initial commitment from regional partners. Bitplanet's 300 BTC represents an early milestone in that broader campaign.

Bitcoin is currently trading near $65,000, drifting lower from mid-week highs around $70,000 amid persistent selling pressure across crypto markets. The pullback highlights the volatility that corporate treasury holders like Bitplanet and Metaplanet must navigate.