Overview
- Bitplanet disclosed purchasing about 93 BTC on Oct. 26 through a licensed domestic exchange as the first step in its daily accumulation plan.
- The company targets a 10,000 BTC treasury over time, backed by a $40 million raise completed in September.
- Executives say the buys follow strengthened governance with transactions reported through the Financial Services Commission’s compliance platform.
- Backers of the strategy include Metaplanet’s Simon Gerovich, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital.
- The initiative aligns with a market rebound that lifted Bitcoin to roughly $115,000 on softer U.S. inflation data and renewed ETF inflows.