Metaplanet CEO Participates in Acquisition of Korean Company SGA, Advancing Asia Crypto Reserve Strategy Expansion

According to ChainCatcher, citing a report from Cointelegraph, Simon Gerovich, CEO of Japan’s Bitcoin Reserve, plans to participate in acquiring a controlling stake in SGA, a publicly listed software services company in South Korea. If the deal is finalized, SGA will implement a broader digital asset strategy by acquiring Bitcoin. Although Simon Gerovich is participating as an independent investor rather than on behalf of the company, this move aligns with the company’s growing Bitcoin reserve strategy. The acquisition is part of a broader effort to accelerate the adoption of Bitcoin strategies among Asian enterprises, transforming traditional companies into Bitcoin-linked entities through such transactions, and positioning companies like SGA as vehicles for Bitcoin investment in regional capital markets.

Yesterday, the company announced the purchase of 797 BTC at approximately $117,451 per Bitcoin, with a total transaction value of about $93.6 million, and has achieved a 435.9% return on Bitcoin so far in 2025. As of July 14, 2025, the company holds a total of 16,352 BTC, with a cumulative purchase cost of approximately $1.64 billion and an average purchase price of about $100,191 per Bitcoin.