SBI Holdings to acquire bitbank in ¥46.7 billion deal

The transaction will be executed through SBICAH GK, a subsidiary of the financial giant. The integration process involves a multi-stage share purchase, a third-party allotment of new shares, and a capital buyback plan involving current shareholders MIXI and Ceres. SBI expects to secure 100% of bitbank’s voting rights by October, pending approval from the Japan Fair Trade Commission.

Once completed, the combined group—merging bitbank with SBI VC Trade—will manage approximately ¥1.1 trillion in customer assets across 2.92 million accounts. This deal follows SBI’s earlier merger with Bitpoint Japan, underscoring a trend of consolidation within the regulated Japanese crypto sector. Beyond simple trading, SBI intends to leverage bitbank’s unblemished security record to bolster its broader push into stablecoins and on-chain finance. The company is currently building out its ecosystem through projects like the Strium Layer 1 blockchain and various retail products, including crypto-reward credit cards. For current bitbank users, the platform stated that existing services will remain operational without interruption as the corporate transition proceeds.