Japanese Giant SBI Holdings to Buy Bitbank for $289 Million
The combined exchange would rank first in Japan by assets under custody and support SBI’s stablecoin and tokenization push, the company said.
- On Thursday, SBI Holdings signed agreements to acquire Bitbank for $289 million, a transaction intended to create Japan's largest crypto exchange operator.
- Subsidiary SBICAH will acquire shares from Bitbank CEO Noriyuki Hirosue and other shareholders, then repurchase stakes from investors MIXI and Ceres to secure full indirect ownership.
- The combined entity will hold about 1.1 trillion yen in assets and roughly 2.92 million crypto accounts, with trading volume currently dominated by BTC/JPY pairs at 39.5%.
- Expanding its digital asset ecosystem, SBI launched the yen-pegged stablecoin JPYSC on Wednesday and introduced the dollar-backed Ripple USD via SBI Shinsei Trust Bank and SBI VC Trade.
- Pending regulatory clearance, the transaction is expected to close around October, positioning SBI to integrate Bitbank into its broader infrastructure for tokenization and financial markets.
22 Articles
22 Articles
Cointelegraph
The New York LedgerSBI Expands Digital Asset Push With Bitbank Acquisition
SBI Holdings signed a $289 million deal to acquire Bitbank, adding a regulated crypto exchange to its growing stablecoin and tokenization ecosystem.
Crypto News: SBI Holdings To Buy Bitbank In $288.6M Deal
Key Insights: Crypto news: SBI Holdings agreed to acquire Bitbank for 46.7 billion yen, or about $288.6 million. Bitbank will become a wholly owned SBI subsidiary if Japan’s Fair Trade Commission approves the deal. SBI says the deal could lift its crypto customer assets to about 1.1 trillion yen. SBI Holdings has agreed to acquire Japanese cryptocurrency exchange Bitbank for 46.7 billion yen, or approximately $288.6 million. The transaction wil…
What to remember: SBI Holdings buys the crypto Bitbank trade for about $289 million, or 46.7 billion yen. Combined with SBI VC Trade, the group would manage $6.8 billion in assets, a record in Japan. The transaction is to be finalized in October 2026, subject to the approval of the Japanese regulator. SBI Holdings, the Japanese financial conglomerate, will spend approximately 46.7 billion yen, or nearly $289 million, to offer the entire Bitbank …
SBI Holdings to Acquire Bitbank in US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, with completion expected in October pending approval from Japan’s Fair Trade Commission. The acquisition, first reported in May, will see Bitbank become a wholly owned subsidiary, accorting to Finextra. This comes as SBI accelerates its expansion in digital assets ahead of anticipated regulatory changes that will bring crypto und…
CoinStats - New Crypto Giant? SBI’s Bitbank Deal Could Cr...
SBI Holdings is moving to buy Bitbank in a deal that could reshape Japan’s crypto exchange market. The planned takeover, involving regulatory review, would combine Bitbank with SBI VC Trade and potentially create the country’s largest crypto platform group by custody assets. SBI Drops $300M to Take Over Bitbank Japanese financial giant SBI Holdings is […]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
