Bitcoin investing consortium including Sora Ventures acquires Seoul-based software firm SGA Co.
A consortium of Bitcoin-native investors is set to acquire SGA Co., Ltd., a KOSDAQ-listed software provider based in Seoul, according to a July 14 statement shared with CryptoSlate.
The investor group includes Sora Ventures, AsiaStrategy, Metaplanet CEO Simon Gerovich, and KCGI, a prominent Korean private equity firm specializing in governance-led growth.
This collective also played a prominent role in Metaplanet Inc., the Tokyo-listed company known for converting its corporate treasury to Bitcoin.
SGA Co., which delivers system integration solutions to educational institutions and public agencies, confirmed that its board has approved a third-party share issuance to the consortium.
According to a filing with Korea’s Financial Service Commission (FSC), the deal will see the company issue 58,862,249 new common shares, raising approximately ₩34.49 billion (around $25 million). All shares will remain locked for one year under the custody of the Korea Securities Depository.
The filing shows that AsiaStrategy will receive 47.2 million shares, making it the company’s largest shareholder. Other allocations include KCGI (8.15 million shares), Pathfinder Holdings (2.3 million), and Simon Gerovich (1.16 million).
SGA plans to use the new capital to support general operations and pursue new business initiatives in the digital asset sector. The company aims to leverage its new investors’ global reach and Bitcoin-first experience to drive future growth.
This announcement follows the same investor group’s acquisition bid for DV8, a Thai electronics and retail firm, reinforcing their strategy to expand Bitcoin adoption across Southeast Asia.
Jason Fang, founder of Sora Ventures, hinted that the consortium is now eyeing new markets in the Philippines, Vietnam, Indonesia, and Malaysia. According to Fang, the group is actively searching for execution-ready partners to further extend their Bitcoin treasury model across the region.
The post Bitcoin investing consortium including Sora Ventures acquires Seoul-based software firm SGA Co. appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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