TechFlow, June 24 — South Korean publicly listed company Bitmax (KOSDAQ: 377030) announced the purchase of an additional 49.06 bitcoins, bringing its total holdings to 300.08 BTC and making it the largest bitcoin holder among South Korean listed companies. The company stated it has completed raising 50 billion KRW in corporate bonds and is currently raising another 50 billion KRW, with plans to continue increasing its bitcoin holdings.
Bitmax was formerly known as Maxst Co Ltd, a South Korean firm specializing in augmented reality (AR) technology, primarily developing spatial AR platforms and industrial AR platforms. In recent years, the company has repositioned itself as a "world's first digital asset strategic company," aiming to maximize corporate value by holding digital assets such as bitcoin as core financial assets.
PS: The South Korean listed company Bitmax and the cryptocurrency exchange Bitmax are entirely separate entities.
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