The homoleptic, square‐planar organoplatinum(II) compound [NBu4]2[Pt(CF3)4] (1) undergoes oxidative addition of CF3I under mild conditions to give rise to the octahedral organoplatinum(IV) complex [NBu4]2[Pt(CF3)5I] (2). This highly trifluoromethylated species reacts with Ag+ salts of weakly coordinating anions in Me2CO under a wet‐air stream to afford the aquo derivative [NBu4][Pt(CF3)5(OH2)] (4) in around 75 % yield. When the reaction of 2 with the same Ag+ salts is carried out in MeCN, the solvento compound [NBu4][Pt(CF3)5(NCMe)] (5) is obtained in around 80 % yield. The aquo ligand in 4 as well as the MeCN ligand in 5 are labile and can be cleanly replaced by neutral and anionic ligands to furnish a series of pentakis(trifluoromethyl)platinate(IV) compounds with formulae [NBu4][Pt(CF3)5(L)] (L=CO (6), pyridine (py; 7), tetrahydrothiophene (tht; 8)) and [NBu4]2[Pt(CF3)5X] (X=Cl (9), Br (10)). The unusual carbonyl–platinum(IV) derivative [NBu4][Pt(CF3)5(CO)] (6) is thermally stable and has a νCO of 2194 cm−1. The crystal structures of 2⋅CH2Cl2, 5, [PPh4][Pt(CF3)5(CO)] (6′), and 7 have been established by X‐ray diffraction methods. Compound 2 has shown itself to be a convenient entry to the chemistry of highly trifluoromethylated platinum compounds. To the best of our knowledge, compounds 2 and 4–10 are the organoelement compounds with the highest CF3 content to have been isolated and adequately characterized to date.