🚨 Metaplanet CEO Leads $25M Strategic Investment in Korea’s SGA
Metaplanet CEO Simon Gerovich, along with Sora Ventures and KCGI, has formed a consortium to acquire shares in Korean system integrator SGA via a directed share issuance — a move to strengthen the Asian Bitcoin reserve strategy. 🇰🇷💼
🔹 Key Highlights:
58M+ new shares to be issued, raising ₩34.5B (~$25M USD)
Shares to list on September 24
Asia Strategy Partners LLC to become SGA’s largest shareholder
Current management stays; control shifts to new investors
One-year lock-up period on new shares
This marks a strategic push to integrate Bitcoin-based reserves into Asia’s financial infrastructure. 🪙🌏
