Japanese Bitcoin giant CEO plans to acquire controlling stake in South Korean company SGA

Simon Gerovich, CEO of Japan Bitcoin Reserve (Metaplanet), is planning to participate in the acquisition of a controlling stake in SGA, a software service company listed on KOSDAQ in South Korea, as an independent investor. If the transaction is finally completed, it will be another key sign of Asian companies strategically introducing Bitcoin assets.

Although Gerovich's move was not in the name of the company, the direction of the transaction is highly consistent with the "Bitcoin-based" strategy that Metaplanet has been promoting. It is generally believed that this move is an important step for the company to promote the vision of "Bitcoinization of Asian capital markets".

After the acquisition of SGA is completed, it is expected to implement a broader digital asset strategy by holding Bitcoin on a large scale. This means that SGA may transform into a listed entity linked to Bitcoin, providing institutional investors with a new path to exposure to crypto assets.

Bitcoin asset strategy has achieved remarkable results

Metaplanet previously announced the purchase of 797 BTC at a price of approximately US$117,451 per coin, with a total transaction amount of approximately US$93.6 million. According to the latest data, as of July 14, 2025, the company's total bitcoin holdings have reached 16,352 pieces, with a total investment cost of US$1.64 billion and an average purchase price of US$100,191 per piece.

Since the beginning of 2025, the company's bitcoin holdings have returned a yield of 435.9%, and it is known as the "Asian version of MicroStrategy".

Metaplanet has previously stated that its bitcoin strategy has entered the second phase: using BTC as collateral for financing, mergers and acquisitions, and capital operations, including the possible acquisition of a digital bank in Japan.

Asian companies are accelerating their "bitcoin transformation"

This potential acquisition is not only a personal action by Simon Gerovich, but is also seen as a test field for Metaplanet to achieve the "on-chain transformation" of regional traditional companies with the help of CEO strategic layout. Similar to MicroStrategy, Metaplanet is incorporating more physical companies into the Bitcoin ecosystem through the capital market and providing new investment channels.

If the transaction is completed, SGA is expected to become the first listed company in the Korean capital market to actively include Bitcoin in its financial core, and its stock price and valuation model may be reconstructed.

As the Asian market's awareness of Bitcoin increases and the policy environment for digital assets becomes clearer, more and more companies are considering including Bitcoin in their long-term strategic balance sheets to hedge against the depreciation of fiat currencies and reconstruct the logic of value storage.