Bitplanet Completes $50 Million Acquisition and Receives Capital Increase from UTXO Management and Kingsway Capital

Bitplanet, South Korea's first institutional Bitcoin vault company, announced the completion of its $50 million acquisition of SGA Co., Ltd., formally completing a management transition and rebranding. The transaction involved a 62% stake in the company, with participation from a consortium of investors including Sora Ventures, Parafi Capital, and KCGI, with additional investment from UTXO Management and Kingsway Capital totaling $10 million.