Tokyo-based Metaplanet, led by Simon Gerovich, is actively negotiating to acquire a controlling stake in SGA, a software company listed on South Korea's KOSDAQ.
Negotiations for Control of SGA
Simon Gerovich is part of a consortium negotiating to acquire a controlling stake in SGA. If the deal is finalized, SGA would be positioned to incorporate Bitcoin as part of its digital asset strategy.
Corporate Bitcoin Utilization Strategy
Although Gerovich is acting as an independent investor, this direction aligns with the growing Bitcoin treasury strategy of the company. According to a press release from Top Win International, 'the proceeds from the share issuance will be used for strategic asset purchases and general corporate purposes.'
Recent Acquisitions by Metaplanet
Recently, Metaplanet also announced the purchase of an additional 797 BTC at an average price of $117,451 per coin, bringing its total holdings to 16,352 BTC currently valued at about $1.64 billion. The company has adopted a Bitcoin accumulation strategy, following the example of other large players in the market.
Thus, Metaplanet is actively using a Bitcoin accumulation strategy and looking for opportunities to expand, which could positively impact the development of SGA and other companies it partners with.
