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South Korea's first institutional Bitcoin vault company Bitplanet announced the completion of a $50 million acquisition of SGA Co., Ltd., officially completing the management transition and brand restructuring. This transaction involves a 62% equity acquisition, with the investment consortium including Sora Ventures, Parafi Capital, and KCGI, along with an additional $10 million investment from UTXO Management and Kingsway Capital. Bitplanet plans to rank among the top ten enterprise Bitcoin holders globally and aims to promote South Korea as a core hub of the international Bitcoin ecosystem.