KOSDAQ-listed company Bitmax (formerly Maxst) is accelerating its 'Korean version of MicroStrategy' strategy by revealing that it has made additional purchases of virtual assets.
Bitmax announced on the 25th that it has purchased an additional 5.4 billion KRW worth of virtual assets, following its previous purchase amount of 8 billion KRW. As a result, the company has secured an additional 38 Bitcoins and 232 Ethers, increasing its total holdings to 88 Bitcoins and 500 Ethers.
A Bitmax representative emphasized, "With this additional virtual asset purchase, we now hold strategic virtual assets worth a total of 13.4 billion KRW, and we plan to continuously expand our assets going forward. Custody and management are carried out through KODA (Korea Digital Asset Custody), the largest virtual asset custodian in Korea, ensuring stability and reliability."
Bitmax's decision is interpreted as actively benchmarking the 'strategic assetization' trend of global companies. The U.S. company MicroStrategy recently invested an additional 107 million USD to purchase 130 Bitcoins, bringing its total holdings to approximately 499,226 BTC.
Japan's MetaPlanet also holds about 1,762 Bitcoins and has significantly increased its corporate value, with its stock price soaring 4,000% over the past year.
In addition, major U.S. companies such as Tesla and Square have incorporated Bitcoin as an asset and currently hold it, while traditional financial firms are also considering launching virtual asset funds. Cathie Wood, known as the 'Money Tree Sister,' has expressed optimistic forecasts about Bitcoin's long-term upward potential and continues to invest in related companies through Ark Invest, which she leads.
A company official explained, "Our goal is to increase corporate value by setting Bitcoin as a long-term core asset, like U.S. MicroStrategy and Japan's MetaPlanet. We also view the Trump family's move to expand Ethereum investments positively."
A domestic virtual asset industry insider said, "Bitmax's additional Bitcoin purchase could be a turning point in the strategic adoption of virtual assets by domestic companies. If this strategy proves successful, the number of listed companies holding Bitcoin in Korea is likely to gradually increase."
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