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Simon Gerovich, CEO of Tokyo-based Metaplanet, is portion of a consortium that is negotiating to get a controlling involvement successful SGA, a publically traded bundle services institution listed connected South Korea’s KOSDAQ. The deal, if finalized, would presumption SGA to get Bitcoin arsenic portion of a broader integer plus strategy.
While Gerovich is listed arsenic an autarkic capitalist — not acting connected behalf of Metaplanet — the determination aligns with the company’s increasing Bitcoin treasury strategy. According to a property merchandise from Top Win International, (SORA connected the Nasdaq banal exchange), “proceeds from the issuance volition beryllium utilized for strategical plus acquisitions and wide firm purposes.”
Acquisitions specified arsenic this are portion of a broader strategy to accelerate firm Bitcoin adoption crossed Asia by transforming accepted companies into Bitcoin-aligned entities, utilizing deals to position companies similar DV8 and SGA arsenic vehicles for Bitcoin vulnerability successful determination superior markets.
The committee of SGA and the Korean Financial Services Commission approved the issuance of 58 cardinal caller shares to the consortium, but nary definitive statement has been signed. If completed, Top Wind, rebranded arsenic Asia Strategy LLC, would go the largest shareholder successful the company.
SGA said it volition support its halfway concern operations portion leveraging the consortium’s expertise to prosecute caller initiatives successful the integer plus space.
Related: Strategy bags different $472M successful BTC arsenic Bitcoin jumps to caller highs
M&A Bitcoin treasury strategy pushed successful Asia
Since its concern with Sora Ventures successful May 2025, Top Win has shifted its absorption to integer assets. As portion of this transition, the institution appointed Sora Ventures founder, Jason Fang, arsenic co-CEO and committee member, signaling a deeper alignment with the Bitcoin-first concern approach.
Earlier this month, a Metaplanet-led consortium of investors — including Sora Ventures, UTXO Management, Moon Inc. and Kliff Capital — filed to get DV8, a publically listed Thai electronics company.
Metaplanet acquires 797 further Bitcoin
On Sunday, Metaplanet announced different Bitcoin purchase, with an further 797 BTC moved to its treasury astatine an mean terms of $117,451 per coin. That brings the firm’s full holdings to 16,352 BTC, presently valued astatine astir $1.64 billion.
Metaplanet has acquired 1112 BTC for ~$117.2 cardinal astatine ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we clasp 10,000 $BTC acquired for ~$947 cardinal astatine ~$94,697 per bitcoin. $MTPLF pic.twitter.com/8nmQ2RaOIF
— Simon Gerovich (@gerovich) June 16, 2025Metaplanet adopted Michael Saylor’s Bitcoin playbook successful April 2024, erstwhile it archetypal acquired 97.85 BTC. According to information from Bloomberg, the company’s banal roseate implicit 4,800% in the 12 months pursuing its archetypal purchase. It is presently the world’s fifth-largest nationalist holder of Bitcoin.
Saylor’s Strategy, the archetypal institution to follow the Bitcoin modular and popularize it, holds 601,550 BTC astatine the clip of writing.
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