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  • Bitplanet becomes South Korea’s first listed firm to buy Bitcoin (BTC)

    Bitplanet becomes South Korea’s first listed firm to buy Bitcoin (BTC)

    Bitplanet becomes South Korea’s first listed firm to buy Bitcoin

    • Bitplanet bought 93 BTC in Korea’s first regulated corporate purchase.
    • The firm plans daily Bitcoin buys to reach a 10,000 BTC treasury.
    • Backed by major investors, Bitplanet leads Korea’s Bitcoin adoption.

    Bitplanet has made history in South Korea’s financial landscape by becoming the nation’s first publicly traded company to purchase Bitcoin (BTC) through a regulated domestic exchange.

    The KOSDAQ-listed technology firm recently acquired 92.67 BTC — worth approximately $10.9 million — marking a new chapter in the country’s corporate embrace of digital assets.

    Korea’s first regulated corporate Bitcoin buy

    The BTC acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s evolving financial ecosystem.

    It is the first time a listed company has acquired Bitcoin through a licensed exchange within the country’s regulated financial infrastructure.

    Executed entirely under the supervision of South Korea’s Financial Intelligence Unit (FIU), the transaction signals growing confidence among institutional investors that Bitcoin can serve as a legitimate, strategic treasury asset.

    The Seoul-based company described the move as a deliberate, rules-based initiative rather than a speculative trade.

    Co-CEO Paul Lee explained that the purchase marks the start of a disciplined, long-term accumulation plan designed to reduce timing risks while positioning Bitcoin as a strategic treasury reserve.

    The transaction was executed fully in compliance with domestic financial laws, a milestone that could encourage other listed companies to follow suit.

    Notably, the timing of Bitplanet’s move coincided with a strong rally in Bitcoin prices, which recently climbed above $115,000 amid optimism about US Federal Reserve rate cuts and increasing exchange-traded fund (ETF) inflows.

    By choosing this moment to make its first acquisition, Bitplanet demonstrated not only market awareness but also confidence in Bitcoin’s long-term role as a corporate asset.

    From its IT roots to a Bitcoin treasury company

    Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and education technology services.

    The company rebranded in September 2025 to reflect a broader shift toward blockchain and Bitcoin-focused ventures.

    Its pivot follows the full $50 million acquisition of SGA earlier in the year and the completion of a $40 million fundraising round to support its new treasury strategy.

    This strategic transformation underscores Bitplanet’s vision of becoming South Korea’s first institutional-grade Bitcoin treasury company.

    The firm has developed a comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time audit systems that meet government and financial oversight standards.

    Bitplanet’s management says it intends to accumulate Bitcoin daily through licensed domestic exchanges, aiming to build a reserve of up to 10,000 BTC over time.

    This steady, methodical approach minimises exposure to market volatility and mirrors similar strategies employed by firms such as Japan’s Metaplanet, one of Bitplanet’s key backers.

    Backed by global Bitcoin advocates

    Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors.

    The firm’s backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital — groups known for advancing institutional Bitcoin adoption worldwide.

    Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to establish a new standard for Bitcoin treasury management in Asia.

    Industry observers believe the company’s regulated approach could pave the way for broader corporate participation in South Korea’s growing digital asset market.

    The BTC purchase also aligns with the country’s forthcoming Digital Asset Basic Act, scheduled to take effect by 2027, which will formalise the rules for cryptocurrency custody and corporate holdings.

    By moving early, Bitplanet positions itself to benefit from the regulatory clarity that this law is expected to bring.

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  • LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    • Launch Coin on Believe price rose suddenly, jumping 60% to highs of $0.118.
    • Gains saw a surge in liquidations, with crypto trading firm.

    Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin’s sudden pump leading to significant losses for shorts.

    The token’s rapid price increase also triggered a cascade of liquidations, with on-chain data showing a liquidity provider suffered losses of over $4 million.

    Launch Coin on Believe price sees sudden 60% pump

    Cryptocurrencies like Worldcoin and MYX Finance are riding bullish news to top gainers charts over the past 24 hours. Meanwhile, small cap token LAUNCHCOIN is also attracting social chatter.

    As noted, the Launch Coin on Believe price experienced a sharp price surge amid a nearly 60%  spike. Trading around $0.076 in early deals during the Asian session, LAUNCHCOIN suddenly pumped to $0.132.

    LAUNCHCOIN chart by TradingView

    This sudden jump accounted for a 60% rise that hit many traders betting on a continued consolidation or downturn.

    With intense buying pressure, driven by speculative trading and potential market manipulation, LAUNCHCOIN saw its daily trading volume skyrocket.

    According to CoinGecko, the rapid ascent pushed volume on centralized crypto exchanges such as LBank and Bitget 540% up, and stood around $255 million in 24 hours.

    The more than fourfold increase in volume from the day before attests to the sharp uptick in market activity.

    $4 million loss amid cascade of liquidations

    While buyers celebrated the meteoric price surge, LAUNCHCOIN’s gains saw a notable market player suffer significant losses.

    According to analytics account Lookonchain, a wallet linked to the market maker GSR suffered one of the biggest losses as the token’s price rose.

    The wallet, shown to have been hedging a short position on LAUNCHCOIN, was fully liquidated. It meant a loss equivalent to $4 million as GRS Market’s other positions saw a cascade of liquidations on decentralized exchange Hyperliquid.

    As liquidation on LAUNCHCOIN’s gains hit the leveraged positions betting against a price increase, other positions too were wiped out. Lookonchain notes GRS Market’s other short positions caught in the carnage included Mantle, Popcat, Chainlink and Lido DAO.

    “The liquidation of #GSRMarkets’ short position triggered a domino effect, wiping out their other shorts on $MNT, $POPCAT, $LINK, and $LDO, and zeroing out the account,” Lookonchain posted.

    LAUNCHCOIN’s price currently hovers around $0.091, slightly off its intraday high. The $0.08 level, above which bulls took charge for the spike, is likely to be critical if price falls further.

    As LAUNCHCOIN looks for a decisive move, analysts say the event highlights how the cryptocurrency trading market can offer opportunity but also be a brutal arena with fortunes shifting in an instant.

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  • Bitcoin Pepe price to jump soon as another firm plans major BTC purchases

    Bitcoin Pepe price to jump soon as another firm plans major BTC purchases

    Best crypto to buy as altcoin rotation favors low-caps: BRETT, BPEP, and TRX

    • With institutional adoption increasing, major cryptos are becoming less attractive to investors seeking outsized returns.

    • These investors are increasingly looking toward early-stage tokens such as Bitcoin Pepe.

    • The project’s presale has raised over $15.3 million.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend heightened geopolitical tensions.

    Risk assets came under pressure as markets responded to the escalation.

    However, the dip below the $100,000 mark proved short-lived. BTC rebounded during early Monday trading, recovering to around $101,841 at the time of writing.

    Bitcoin now trades near the key psychological threshold of $100,000. A decisive close below that level could signal further downside, with the next support near Sunday’s intraday low of $98,200.

    In this volatile environment, institutional adoption remains a bright spot, with more firms looking to expand their exposure to digital assets.

    As institutional participation increases, top-tier cryptocurrencies are becoming less attractive to investors seeking outsized, asymmetric returns.

    This shift is drawing renewed interest toward early-stage tokens such as Bitcoin Pepe, which are capturing risk-on capital.

    With traders pivoting to more speculative corners of the market, assets like Bitcoin Pepe are emerging as key beneficiaries of the current momentum.

    Grant Cardone’s firm buys Bitcoin

    Real estate mogul Grant Cardone has announced Cardone Capital’s first Bitcoin purchase, marking the firm’s entry into a digital asset treasury strategy.

    Cardone Capital has added 1,000 Bitcoin (BTC), valued at approximately $101 million at current market prices, to its balance sheet.

    “First ever real estate/Bitcoin company integrated with full BTC strategy,” Cardone said in a post on X, describing the move as a combination of “the two best-in-class assets,” real estate and Bitcoin.

    He also indicated plans to add another 3,000 BTC to the firm’s holdings later this year.

    With this initial purchase, Cardone Capital surpasses mining firms Core Scientific and Cipher Mining in terms of Bitcoin holdings, according to data from BiTBO.

    Founded in 2017, Cardone Capital is a private equity real estate firm that pools investor capital to acquire multifamily residential properties.

    The firm currently manages more than 14,000 units and has an estimated $5.1 billion in assets under management.

    Bitcoin Pepe price outlook

    While Bitcoin grapples with short-term volatility, its growing institutional adoption continues to underpin overall market sentiment.

    At the same time, investors are rotating back into high-beta segments of the crypto market, with meme coins witnessing a renewed wave of inflows.

    Among the most prominent is Bitcoin Pepe, which has set itself apart by blending meme-driven appeal with a Layer 2 infrastructure narrative.

    Unlike conventional meme tokens that rely solely on viral traction, Bitcoin Pepe positions itself as the first meme-centric Layer 2 built on the Bitcoin network, seeking to deliver scalability and speed similar to Solana while anchored to Bitcoin’s base-layer security.

    The project has also secured strategic partnerships with Super Meme, Catamoto, and Plena Finance, aimed at supporting the broader utility and adoption of its ecosystem.

    Bitcoin Pepe’s presale has so far raised over $15.3 million, with its BPEP token priced at $0.0416.

    A price increase is imminent, with the next tier triggered once the presale hits $15.54 million in total funding.

    The token is slated for listing on MEXC and BitMart, with expectations that these will provide improved liquidity and visibility.

    An additional listing announcement is expected to be announced on June 30, further fueling investor interest as the presale nears completion.

    With risk appetite returning and meme coins back in focus, Bitcoin Pepe appears well-positioned to benefit from both speculative momentum and a more structurally grounded product narrative.
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  • Bitcoin firm Blockstream secures $210m to drive layer-2 growth

    Bitcoin firm Blockstream secures $210m to drive layer-2 growth

    • Blockstream will use the $210 million debt funding to boost adoption of its layer-2 solutions
    • The company will also utilise the funds to add to its mining operations and treasury.

    Blockstream, a Bitcoin infrastructure company founded by industry OG Adam Back, has announced it raised $210 million to fund various aspects of the company’s business.

    Firm eyes L2 growth, mining and Bitcoin treasury

    Blockstream said in a press release on Oct. 15 that the convertible note round, led by venture capital firm Fulgur Ventures, will help to fast-track the adoption of its layer-2 platforms. Blockstream will also use part of the funding to boost its mining operations ahead of “the next Bitcoin market cycle.”

    In August 2023, the firm raised $125 million that it used to expand its mining as the market looked to the 2024 Bitcoin halving that happened in April.

    As well as the L2 initiatives, which includes the Liquid Network sidechain launched in 2018, Blockstream is eyeing further growth by using the funding to purchase more BTC. The company is one of the largest holders of Bitcoin.

    “This latest fundraise represents a defining moment for Blockstream as we embark on a critical new phase of growth to further bridge the gap between Bitcoin and the wider world of finance,” said Blockstream co-founder and CEO Adam Back.

    As well as the debt funding, Blockstream announced that it had expanded its leadership with a new appointment. Michael Minkevich will now steer the company’s next growth phase as the chief operations officer. The new COO formerly worked at publicly-traded firm Luxoft as a product engineer lead.

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