Bitmax, a privately owned company headquartered in the US, was founded in 1998, has approximately 80 employees, and reported $10.5M in revenue as of 2024. Operating as a tier 2 media tech buyer, the company provides media managed services, specializing in licensing and distributing VOD, SVOD, AVOD, and TVOD content.
On March 19, 2026, South Korean digital asset trust (DAT) company Bitmax categorically denied selling any portion of its Bitcoin holdings, addressing market rumors and local media reports. The company stated that transfers of its Bitcoin from a cold wallet operated by South Korea's largest bank to overseas exchanges, including Binance and Bybit, were solely for security reasons, deeming them more secure than domestic wallet providers. This decisive statement followed reports earlier in March 2026 from outlets like Maeil Business Newspaper, which suggested that Bitmax, a KOSDAQ-listed firm, had transferred its entire Bitcoin reserve, approximately 550 BTC, to centralized cryptocurrency exchanges such as OKX, Bitget, Binance, and Bybit. These reports highlighted that the transfers occurred in February 2025, weeks before the company announced a substantial 4-for-1 capital reduction without compensation.
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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