Metaplanet CEO Engages in SGA Acquisition to Boost Bitcoin Strategy in Asia
Simon Gerovich, CEO of Metaplanet, is set to acquire a controlling stake in South Korean software company SGA as an independent investor. This move aligns with Metaplanet's strategy to expand Bitcoin reserves and promote digital asset adoption in Asia. The acquisition aims to transform traditional companies into Bitcoin-linked entities, enhancing their role in regional capital markets.
Metaplanet recently purchased 797 BTC at $117,451 each, totaling approximately $93.6 million, achieving a 435.9% return in 2025. As of July 14, 2025, Metaplanet holds 16,352 BTC, with a cumulative purchase cost of $1.64 billion and an average price of $100,191 per coin.