Bitcoin Reserve Strategy Exploding in Asia
Currently, public companies are holding over 777,000 BTC, valued at nearly $80.6 billion. Notably, South Korea is strongly participating in this trend, driving cryptocurrency development in the corporate sector.
From bold moves in enhancing cryptocurrency reserves to establishing Bitcoin funds to protect asset value, the concept of corporate BTC reserves is becoming a prominent industry trend.
Parataxis Acquires Bridge Bio to Establish Bitcoin Reserve Unit in South Korea
In a breakthrough strategy, Parataxis Holdings has acquired control of the biotechnology company Bridge Bio for $18.5 million. After the transaction, Bridge Bio will be renamed Parataxis Korea and operate as a specialized Bitcoin reserve company.
The official announcement confirms this is a historic turning point, with a large company in South Korea pursuing an official BTC reserve strategy for the first time.
Inspired by MicroStrategy's Bitcoin Strategy
Parataxis follows the path of MicroStrategy, the leading enterprise holding a large amount of Bitcoin. The leadership team, especially Michael Saylor, owns over 592,100 BTC, valued at over $61.4 billion.
Mr. Andrew Kim, a partner at Parataxis, shared that this strategy is driven by success stories like MicroStrategy and Metaplanet in Asia, which owns 10,000 BTC. Bitcoin is seen as a long-term tool to optimize shareholder value and national economic development.
Corporate Bitcoin Acceptance in South Korea Accelerates
Despite strict cryptocurrency regulations in South Korea, such as banning spot Bitcoin ETFs, progress in corporate Bitcoin acceptance is clearly occurring:
- The 2025 pilot program will allow 3,500 companies to open verified cryptocurrency accounts.
- Legislators are pushing to expand spot Bitcoin ETFs and government-backed stablecoins next year.
- Parataxis CEO Edward Chin emphasizes that the Bitcoin strategy aims to benefit investors and the national economy.
Largest Public Companies Holding Bitcoin
The list of companies holding the most Bitcoin includes:
- MicroStrategy – 592,100 BTC (nearly $61.4 billion)
- Marathon Digital – 16,930 BTC
- Riot Platforms – 8,872 BTC
- Metaplanet (Japan) – 10,000 BTC
- Boyaa Interactive (Hong Kong) and DDC Enterprise (China) also own large Bitcoin reserves.
Importance of Corporate Bitcoin Reserve Strategy
South Korea's push for businesses to reserve Bitcoin not only opens up long-term financial growth potential but also drives broader acceptance in the Asian region. Parataxis Korea could become a new Bitcoin powerhouse, encouraging other businesses to enhance reliability and financial strategies based on cryptocurrency.
