#binance #hype #zec #near
27/10/25 13:09 UTC-04

South Korean Exchange Bitplanet Plans to Buy Bitcoin

The cryptocurrency exchange Bitplanet announced that it plans to purchase Bitcoin using its own funds, without raising external financing or issuing debt securities. Initially, the company allocated about $40 million and has already bought its first 93 BTC for $10.9 million, at an average price of around $117,647 per coin.

CEO Paul Lin stated that Bitplanet intends to buy Bitcoin daily and aims to accumulate 10,000 BTC in total.

Lin added that the company’s Bitcoin strategy was inspired by the success of Japan’s Metaplanet and pledged to fully comply with the requirements of South Korea’s Financial Services Commission (FSC). All of Bitplanet’s Bitcoin purchase transactions will be overseen by the country’s Financial Intelligence Unit (FIU).

Earlier, the National Tax Service (NTS) of South Korea announced plans to conduct raids and seize hardware crypto wallets from individuals suspected of tax evasion.

See also: "Changpeng Zhao Calls for Binance’s Return to the U.S. Market"

#Bitcoin (BTC) #Buy #Bitplanet

Editor: Alyona Nabok
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