The acquisition of SGA Co. by a consortium led by Metaplanet aims to position the company for Bitcoin acquisition and broader digital asset strategy in Asia.
Simon Gerovich, CEO of Metaplanet, is negotiating to acquire a controlling stake in SGA Co., with plans for the company to adopt a digital asset strategy that includes Bitcoin acquisition. The consortium has received regulatory approval for the issuance of 58 million new shares, aimed at raising approximately $25 million. If finalized, the deal would position SGA as a key player in the Asian Bitcoin market, while Metaplanet recently added 797 BTC to its treasury, increasing its total holdings to 16,352 BTC, valued at around $1.64 billion.