Metaplanet Acquires South Korean Firm SGA to Expand Bitcoin Strategy in Asia

Metaplanet, a Japanese Bitcoin reserve company, is expanding its footprint in Asia through a strategic acquisition. Simon Gerovich, the CEO of Metaplanet, has joined forces with several companies to acquire a controlling stake in South Korean publicly listed software service company SGA. This move aligns with Metaplanet's growing Bitcoin reserve strategy, aiming to transform traditional companies into entities linked to Bitcoin through transactions.

The acquisition of SGA is part of Metaplanet's broader strategy to increase its presence in the Asian market and strengthen its position in the cryptocurrency industry. By acquiring SGA, Metaplanet aims to provide a stronger foothold in the region, allowing the company to better serve its customers and expand its operations. This deal is seen as a significant step forward for Metaplanet, as it continues to grow and diversify its portfolio of cryptocurrency assets.

Metaplanet's acquisition of SGA is expected to have a positive impact on the company's financial performance, as it looks to capitalize on the growing demand for cryptocurrency in Asia. The deal is also expected to provide Metaplanet with access to new technologies and expertise, which will help the company to stay at the forefront of the rapidly evolving cryptocurrency industry. The acquisition was approved by South Korean regulators, giving Gerovich and Sora-led investors control of SGA.

Metaplanet recently 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. This purchase achieved 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. 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.