South Korea’s Bitplanet eyes top Bitcoin 10 holder status with $50M SGA acquisition

Bitplanet, South Korea’s first institutional Bitcoin treasury company, has completed the full acquisition of SGA Co. Ltd. through a $50 million deal, according to a Sept. 11 statement shared with CryptoSlate. The transaction marks the conclusion of a 62% takeover of SGA by an international investor consortium, underscoring a growing push to formalize Bitcoin holdings The post South Korea’s Bitplanet eyes top Bitcoin 10 holder status with $50M SGA acquisition appeared first on CryptoSlate.