Bitmax Becomes First Korean Listed Company to Surpass 500 Bitcoins, Rises to Global Top 49

KOSDAQ-listed company Bitmax announced on July 31 that it recently purchased an additional 56.04 Bitcoins, bringing its total holdings to 500.1234 BTC. Among domestic listed companies, Bitmax is the only one with Bitcoin holdings exceeding 500 BTC.

According to the platform 'Bitcoin Treasuries Net', which tracks Bitcoin holdings of listed companies, Bitmax's additional purchase has moved its global ranking among listed companies holding Bitcoin from 50th to 49th place. In Asia, Bitmax now ranks 13th among listed companies and is approaching the top 10.

Since the beginning of this year, Bitmax has purchased a total of $52.58 million (approximately KRW 7.27 billion) worth of Bitcoin. The current value of these assets is about $58.9 million (approximately KRW 8.15 billion), resulting in a valuation gain of approximately KRW 880 million. This is seen as evidence of Bitmax's ability to generate profits through digital asset management.

A Bitmax representative stated, "The combination of a favorable global cryptocurrency policy environment and strategic asset management timing has led to these results," adding, "This is an example of Bitmax's long-term vision being realized as actual profits."

An official from the digital asset industry commented, "Bitcoin holdings serve as an indicator to evaluate both a company's strategic position and its market credibility," and added, "Bitmax is demonstrating that a domestic listed company can establish a presence in the global digital asset market."

Bitmax is currently pursuing a transition to a digital asset-centered financial structure and has continued to purchase Bitcoin as part of its mid- to long-term strategy.

The company emphasized, "Surpassing 500 BTC is more than just a numerical milestone," and added, "It is proof that our strategy, which has focused on both reliability and growth in asset management, is producing tangible results."

The company further stated, "Achieving 500 BTC is merely one milestone, and we will continue to secure the trust of global investors and the market in a more robust and transparent manner going forward."