BitMax Acquires 28 More Bitcoins, Bringing Total Holdings to 165

KOSDAQ-listed company BitMax announced on May 19 that it has acquired an additional 28 Bitcoins.

With this latest purchase, BitMax's total Bitcoin holdings have increased to 165, further strengthening its strategy of positioning virtual assets as core strategic assets. Currently, BitMax has narrowed the gap in Bitcoin holdings with Wemade, the top domestic listed company holding 223 Bitcoins, to 58. BitMax continues to expand its corporate strategy focused on digital assets.

This purchase draws attention as it comes at a time when there are projections that the price of Bitcoin could rise to $120,000. Recently, global bank Standard Chartered (SC) released a report setting a second-quarter target price for Bitcoin this year at $120,000 and a year-end target at $200,000.

Bitcoin is establishing itself as a strategic asset for major global companies, beyond merely being a speculative asset. Companies such as GameStop in the United States and Metaplanet in Japan have seen their stock prices soar after incorporating Bitcoin as a core asset.

An industry official stated, "This suggests that the market is evaluating this strategy positively," and explained, "From a corporate perspective, Bitcoin is gaining attention as an alternative for asset diversification and inflation hedging."

BitMax's continued Bitcoin acquisitions are in line with this global trend. The company is building an asset portfolio similar to BlackRock and MicroStrategy, pursuing a medium- to long-term strategy that views digital assets as a new store of value rather than focusing on short-term profits.

A BitMax representative commented, "We are implementing a sophisticated asset management strategy that encompasses not only simple holding but also sequential purchases based on market trends and securing financial stability," adding, "This is a strategy to build a more stable asset structure in response to the high volatility and uncertainty of the virtual asset market."

The representative further stated, "We also plan to enhance credibility by clearly disclosing our virtual asset holdings through major public announcements."

Experts analyze that listed companies holding a certain scale of Bitcoin can be positively evaluated both in terms of long-term growth potential and in securing investor trust. As global economic uncertainty increases, asset structures that rely solely on fiat currency are revealing their limitations, and holding digital assets is being highlighted as an alternative for strengthening financial soundness.

A company official said, "Although Bitcoin still shows high volatility, the prevailing outlook is that the price is likely to continue its upward trend in the medium to long term due to increasing global demand and supply constraints from mining halvings."

The official added, "This additional Bitcoin purchase is part of our medium- to long-term strategy in consideration of these trends and is expected to contribute to the future growth of corporate value."