Domestic listed company BitMax has accelerated its Bitcoin treasury strategy by increasing its Bitcoin holdings by approximately seven times compared to the beginning of the year.
On July 4, BitMax announced that it had recently purchased an additional 49.10 Bitcoins, bringing its total holdings to 349.19 Bitcoins. This represents a nearly sevenfold increase from its initial holding of 50 Bitcoins at the time of its first purchase. BitMax has continued to secure Bitcoins through the issuance of convertible bonds as part of its mid- to long-term asset strategy.
BitMax is regarded as taking the most pioneering approach in digital asset holding strategies, based on transparent disclosures and phased purchase timing. This is considered a rare case both domestically and internationally.
A BitMax representative stated, "Among domestic and international listed companies that hold Bitcoin, it is rare to see a case like BitMax, which organically combines disclosure, strategy, and execution to present a mid- to long-term roadmap. Considering the strategic use of convertible bonds and the possibility of acquiring other companies, a transition to a digital asset-based holding company can also be expected."
BitMax's affiliate DeepMind is also accelerating its Web3-based digital asset strategy. On June 23, DeepMind issued convertible bonds worth 50 billion KRW and is pursuing the acquisition of domestic and international virtual asset exchanges, as well as investments in the Web3 ecosystem. The company also plans to change its name from 'DeepMindPlatform' to 'SatoshiHoldings.'
Recently, DeepMind applied for trademarks for four types of stablecoins, including 'KRDT,' with the Korean Intellectual Property Office. In addition to Ethereum, Base, and Binance Smart Chain, DeepMind has also completed the issuance of KRDT on Tron and Solana. This is interpreted as a strategic decision to expand the practical use base of global stablecoins by extending into a multi-chain ecosystem.
A DeepMind representative said, "Tron is a platform where more than half of the global USDT trading volume is concentrated, and Solana is one of the chains with the highest number of transactions worldwide, making them highly strategic. Along with expanding the practical use of KRDT, we are also preparing a KRW-pegged model."
BitMax and DeepMind each plan to lead the domestic digital asset market through a two-track strategy centered on Bitcoin and stablecoins, respectively.
An industry insider emphasized, "As the institutional foundation for digital assets is now being established in earnest, the strategies of both companies are likely to become representative success stories encompassing both the corporatization and institutionalization of digital assets."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
