Metaplanet CEO Joins Acquisition of South Korean Company SGA, Advancing Asian Crypto Reserve Strategy Expansion
By: theblockbeats.news|2025/07/15 09:17:03
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BlockBeats News, July 15th: According to a report by Cointelegraph, Simon Gerovich, CEO of the Japanese Bitcoin reserve company Metaplanet, plans to acquire a controlling stake in the South Korean publicly listed software service company SGA. If the transaction is finalized, SGA will implement a more extensive digital asset strategy through the acquisition of Bitcoin. Although Simon Gerovich is participating as an independent investor and not on behalf of Metaplanet, this move is in line with Metaplanet's growing Bitcoin reserve strategy. This acquisition is part of accelerating Asian companies' adoption of a Bitcoin strategy, transforming traditional companies into entities linked to Bitcoin through transactions, making companies like SGA a tool for Bitcoin investment in the regional capital market.
Yesterday, Metaplanet announced the purchase of 797 BTC at a price of approximately $117,451 per Bitcoin, with a total transaction amount of about $93.6 million, achieving a 435.9% Bitcoin return on investment as of 2025. As of July 14, 2025, Metaplanet holds a total of 16,352 BTC, with a cumulative purchase cost of around $1.64 billion and an average purchase price of approximately $100,191 per Bitcoin.
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