KOSDAQ-listed company Bitmax announced on May 26 that it has acquired an additional 29 Bitcoins, increasing its total holdings to 194 Bitcoins.
The company stated that it plans to gradually secure more Bitcoin in line with its future asset portfolio strategy, aiming to further strengthen its digital asset-focused management approach.
Bitmax previously purchased 28 Bitcoins on May 16. This latest acquisition is a continuation of that effort, representing a series of actions based on a comprehensive consideration of global virtual asset trends and the company’s internal financial strategy.
Bitmax now ranks second among domestic listed companies in terms of Bitcoin holdings, narrowing the gap with Wemade, the leader, to 29 Bitcoins. The company has declared its intention to continue expanding its virtual asset acquisition strategy, positioning digital assets as a core strategic asset.
According to industry sources, the price of Bitcoin recently surpassed $110,000. Global financial institution Standard Chartered has set its target price for the second quarter of this year at $120,000, its year-end target at $200,000, and its 2028 target at $500,000, fueling heightened expectations.
Bitcoin continues to reach new all-time highs in dollar terms, and is on the verge of surpassing KRW 160 million in Korea. In response to these global trends, Bitmax is realigning its corporate strategy around digital assets and focusing on securing long-term asset stability.
Internationally, there is a growing movement to incorporate digital assets into corporate portfolios, both to enhance future resilience and to increase corporate credibility. Companies such as MicroStrategy, Metaplanet, and GameStop have increased their corporate value through Bitcoin acquisitions, while major global firms like Tesla and Block have also converted a portion of their assets into Bitcoin, earning positive evaluations.
An increasing number of companies are recognizing Bitcoin as a new form of reserve asset for long-term corporate value enhancement. As examples of incorporating Bitcoin as a strategic asset have had a positive impact on corporate value and stock prices, it is expected that more companies will follow this trend.
Experts in particular view 2025 as the point in the Bitcoin halving cycle when significant upward price pressure will emerge. They analyze that a combination of rising global demand and reduced new supply will sustain a long-term upward trend.
Currently, Bitcoin’s market capitalization has surpassed $2.16 trillion, overtaking global big tech companies such as Google and Amazon to become the world’s fifth largest asset.
On May 23, Bitmax announced through a disclosure that it had decided to issue its fourth round of convertible bonds worth KRW 50 billion, stating that KRW 40 billion of this amount would be used to acquire virtual assets.
A company representative stated, "Digital assets are becoming more than just investment vehicles; they are emerging as future growth engines for companies," adding, "Bitmax plans to actively manage Bitcoin and other major virtual assets as strategic assets, responding flexibly to changing market conditions."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
