South Korean publicly listed company Bitmax increases its holdings by over 56 Bitcoins, with a total holding surpassing 500 Bitcoins.

BlockBeats News, August 3rd, a South Korean KOSDAQ-listed company, Bitmax, announced that it has increased its holdings to 56.0445 bitcoins, bringing its total holdings to 500.123 bitcoins. This positions Bitmax as the South Korean listed company with the largest bitcoin holdings. The company stated that it will continue to adhere to its strategy of accumulating bitcoin.

Bitmax is known for its focus on augmented reality technology development. The company provides AR software development tools and sensor fusion positioning solutions, while also incorporating bitcoin into its financial reserves.