According to online reports, Bitmax, a South Korean KOSDAQ listed company, issued a document announcing that it has increased its holdings of 56.0445 bitcoins, bringing its total holdings to 500.123, ranking first among South Korean listed companies in bitcoins. The company said it will continue to adhere to the strategy of accumulating bitcoins. Bitmax is a publicly traded company focusing on the development of augmented reality technology, providing AR software development tools and sensor fusion positioning solutions, while including Bitcoin in its financial reserves.