**Metaplanet Consortium Acquires Controlling Stake in South Korean SGA, BTC Treasury Strategy**
Simon Gerovich, CEO of Tokyo-based Metaplanet, is a key member of a consortium planning to secure a controlling stake in SGA (Stock Gold Mining Corp.), a South Korean software services firm listed on the KOSDAQ exchange. Finalizing this deal would enable SGA to acquire Bitcoin as part of a strategic digital asset integration.
Though Gerovich acts independently within Metaplanet, the investment supports the company’s expanding Bitcoin treasury strategy. The consortium’s funding, sourced via a planned share issuance approved by SGA’s board and the Korean Financial Services Commission, is earmarked for “strategic asset acquisitions and general corporate purposes,” according to a press release from the issuer, identified as Top Win International (Nasdaq: SORA).
This deal contributes to a broader initiative to accelerate Bitcoin adoption within corporations across Asia. The strategy involves transforming established companies into Bitcoin-aligned entities, leveraging mergers and acquisitions (M&A) like the planned DV8 acquisition (Thai electronics firm, also being targeted by the consortium) as conduits for this evolution within regional capital markets.
No definitive agreement has been signed for the SGA deal, but 58 million new shares to the consortium have received necessary board and regulator approval. Upon completion, Top Win International, which operates under the rebranded Asia Strategy LLC structure post-acquisition, would become SGA’s largest shareholder. The company intends to continue core operations while exploring the digital asset sphere with consortium expertise.
M&ABitcoin Treasury Push Continues In Asia
Since partnering with Sora Ventures (where co-CEO Jason Fang, founder, plays a pivotal role) in May 2025, Metaplanet has shifted strongly towards digital assets. The conglomerate, answering to CEO Gerovich, appears to fully embrace influences from Michael Saylor’s foundational Bitcoin enterprise.
Earlier this month, a consortium spearheaded by Metaplanet joined with Sora Ventures, UTXO Management, Moon Inc., and Kliff Capital to initiate an investment bid for DV8 (Thai electronics company), replicating the corporate integration strategy employed in the SGA deal.
Metaplanet Intensifies Bitcoin Holdings
Metaplanet announced another substantial Bitcoin purchase recently, acquiring an additional 797 BTC at an average block price of $117,451, bringing its total treasury holdings to 16,352 BTC, currently appraised at around $1.64 billion (though valuation fluctuates). This follows a consolidated Bitcoin portfolio of only 97.85 BTC at the start of its documented strategy.
Metaplanet has acquired 797 BTC • Avg price $117,451 • Total: 16,352 BTC
$1.64B Valuation Approx
Strategy embraces Bitcoin to drive long-term value & innovation across industries pic.twitter.com/TwVdNaxuno
— Finance Intelligence Desk (@FinanceDesk) June 18, 2025
Metaplanet explicitly adopts a Bitcoin playbook, mirroring Michael Saylor’s foundational approach popularized by MicroStrategy (now Strategy (STSTRQ)), which holds by far the most corporate Bitcoin globally (601,550 BTC). In its first documented major purchase in April 2024, Metaplanet’s shares subsequently rose over 4,800% within 12 months, following an initial Bitcoin allocation of only 97.85 BTC. This positions Metaplanet as a contender for the world’s fifth-largest entity holding Bitcoin as a treasury asset.
Analysis indicates that such corporate treasury accumulation of Bitcoin is fundamentally reshaping the perception of its asset class, creating a new benchmark for value and institutional investment.
