Metaplanet adds 797 Bitcoin as $1.64B treasury grows

Simon Gerovich, CEO of Tokyo-based Metaplanet, has joined a consortium negotiating to acquire a controlling interest in SGA, a publicly traded software services company on South Korea’s KOSDAQ exchange.

Gerovich is participating as an independent investor, not on behalf of Metaplanet, but the move aligns with the company’s ongoing Bitcoin (CRYPTO:BTC) treasury strategy.

“proceeds from the issuance will be used for strategic asset acquisitions and general corporate purposes.” according to Top Win International.

The consortium’s approach is to use mergers and acquisitions to accelerate corporate Bitcoin adoption across Asia, transforming traditional firms like SGA and DV8 into vehicles for Bitcoin exposure in regional markets.

The SGA board and the Korean Financial Services Commission have approved the issuance of 58 million new shares to the consortium, although a definitive agreement has not yet been signed.

If the deal is completed, Top Wind, now rebranded as Asia Strategy LLC, would become SGA’s largest shareholder.

SGA has stated it will continue its core business operations while also leveraging the consortium’s expertise for new digital asset initiatives.

Top Win has shifted its focus to digital assets since partnering with Sora Ventures in May 2025, appointing Sora Ventures founder Jason Fang as co-CEO and board member.

Earlier this month, a Metaplanet-led group, including Sora Ventures, UTXO Management, Moon Inc., and Kliff Capital, filed to acquire DV8, a Thai electronics company.

On Sunday, Metaplanet announced it had acquired an additional 797 Bitcoin at an average price of $117,451 per coin, bringing its total holdings to 16,352 BTC, valued at around $1.64 billion.

Metaplanet first adopted a Bitcoin treasury strategy in April 2024, initially purchasing 97.85 BTC.

Bloomberg data shows the company’s stock rose over 4,800% in the year following its first Bitcoin acquisition.

Metaplanet is currently the fifth-largest public holder of Bitcoin, according to Bloomberg.

Saylor’s Strategy, the first company to adopt the Bitcoin standard, currently holds 601,550 BTC.

At the time of reporting, Bitcoin price was $119,763.