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Metaplanet CEO joins forces to acquire Korean company SGA to advance #Bitcoin reserve strategy in Asia Metaplanet CEO Simon Gerovich has formed a consortium with Sora Ventures, KCGI and other institutions to acquire shares of Korean system integrator SGA through a private placement to further promote Asia's #Bitcoin reserve strategy. According to regulatory approval, SGA will issue more than 58 million common shares to the consortium to raise approximately 34.5 billion won (approximately US$25 million), and the new shares are expected to be listed on September 24. After the transaction is completed, Asia Strategy Partners LLC will become SGA's largest shareholder, SGA's management will remain unchanged, control will be transferred to the new investor, and the new shares will be subject to a $ONE-year lock-up period. (Decrypt)

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