South Korean Bitcoin treasury company Bitplanet announces completion of US$50 million acquisition of SGA Co., Ltd.
Source: BlockBeats
Time: 2025-09-11 15:08:10
According to BlockBeats, on September 11, according to official news, Bitplanet, the first institutionalized Bitcoin treasury company in South Korea, announced the completion of the $50 million acquisition of SGA Co., Ltd., officially completing the management handover and brand reshaping. The transaction involves a 62% equity acquisition, with an investment consortium including Sora Ventures, Parafi Capital and KCGI, and a total of US$10 million investments between UTXO Management and Kingsway Capital. Bitplanet plans to rank among the top ten enterprise-level Bitcoin holders in the world and promote South Korea to become the core hub of the international Bitcoin ecosystem.