Bitget to acquire GMO's loss-making Thai exchange as GMO exits Thailand
- —GMO Internet will transfer all 7,349,446 Thai shares to BTGT Management
- —Share transfer is scheduled for October 31; price withheld at buyer's request
- —The unit posted a THB 87.6 million net loss in 2025 on THB 11 million in sales
- —The purchase gives Bitget a Thai SEC licence without applying from scratch
Why it matters: Bitget gains a regulated route into Thailand, while GMO exits the country's digital asset market entirely.
Source: Blockhead