Platinaoxetanes Pt(COD)(C7H10O) (1) and Pt(PEt3)2(C7H10O) (2) undergo insertion of CO into their Pt−O bonds to afford Pt(COD)(C(O)OC7H10) (3) and Pt(PEt3)2)(C(O)OC7H10) (4), respectively. Complex 4 is also available from 3 and PEt3. Platinaoxetanes [Pt(COD)(C7H10O)Pt(COD)Cl)]+ (5) and Pt(COD)(C7H10OBF3) (6), with Lewis acids bonded to the platinaoxetane ring oxygen atom, give free norbornene when treated with CO. Treatment of 3 with BF3·Et2O immediately gives 6. Both types of platinaoxetanes are inert to CO2. Treatment of 1 with tetracyanoethylene (TCNE) yields Pt(COD)(TCNEOC7H10) (7) by alkene insertion into the Pt−O bond, while 1 shows no reactivity with ethylene or isobutylene. Similarly 1 reacts with diethylacetylenedicarboxylate (DEAD) to give a rare alkyne M−O bond insertion product Pt(COD)(DEADOC7H10) (8) but is inert to diphenylacetylene. Reaction of 1 with isocyanide in a 1:3 molar ratio gives Pt(ButNC)2(C7H10OButNC) (9), a result of COD displacement by 2 isocyanides and insertion of another isocyanide into the Pt−O bond. Complex 3 was characterized by single-crystal X-ray crystallography.