South Korea's Bitplanet has launched an institutional-grade Bitcoin reserve company, marking a significant development in the country's cryptocurrency landscape. The company plans to purchase $40 million worth of Bitcoin, underscoring its commitment to expanding its digital asset holdings. This move by Bitplanet reflects a growing trend among institutions to secure substantial Bitcoin reserves, potentially influencing market dynamics. The initiative is expected to bolster confidence in Bitcoin's long-term value proposition as a reserve asset.