South Korean Bitcoin Treasury Company Bitplanet has announced the completion of a $50 million acquisition of SGA Co., Ltd.

BlockBeats News, September 11th: According to official sources, Bitplanet, South Korea's first institutional Bitcoin treasury company, announced the completion of a $50 million acquisition of SGA Co., Ltd., officially completing the management handover and brand reshaping. This transaction involved a 62% equity acquisition, with investment consortia including Sora Ventures, Parafi Capital, and KCGI, and an additional $10 million investment from UTXO Management and Kingsway Capital.

Bitplanet plans to become one of the top ten global enterprise Bitcoin holders and drive South Korea to become an international Bitcoin ecosystem hub.