Bitmax, a privately owned company headquartered in the US, was founded in 1998, employs approximately 80 individuals, and reported $10.5M in revenue as of 2024. Functioning as a tier 2 media tech buyer, the company provides media managed services. It licenses and distributes premium VOD, SVOD, AVOD and TVOD content.
South Korean digital asset trust (DAT) company Bitmax categorically denied selling any portion of its Bitcoin holdings on March 19, 2026, in a firm rebuttal to circulating market rumors. This statement followed a local media report suggesting the firm moved its entire Bitcoin reserve to an exchange just before executing a significant 4-for-1 capital reduction without compensation. Previously, on March 18, BitMax denied plans to sell its Bitcoin, stating that transfers to overseas exchanges such as Binance and Bybit were for security reasons, as they are considered more secure than domestic wallet providers. This explanation came after reports that the company had transferred all of its Bitcoin from a cold wallet operated by South Korea's largest bank. Earlier, on March 17, South Korean media outlet Maeil Business Newspaper reported that Bitmax, a KOSDAQ-listed company, had transferred its entire Bitcoin holdings, approximately 550 BTC, to centralized cryptocurrency exchanges including OKX, Bitget, Binance, and Bybit. This financial maneuver occurred weeks before the company announced a substantial 4-for-1 gratuitous capital reduction.
Bitmax offers 3 products in the media tech industry. Bitmax's product portfolio comprises of media managed services.
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Bitmax's revenues were less than $25M in 2024. Caretta Research has split Bitmax's revenue into 3 different product categories, the largest of which is vOD and cinema mastering. For full access to Bitmax's revenue breakdown subscribe to Caretta Portal.
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