- SBI will purchase bitbank for ¥46.7B via a multi-stage transaction ending in October 2026.
- Mixed platform will handle ¥1.1T in buyer belongings throughout practically 2.92 million accounts.
- SBI plans to increase stablecoins and on-chain finance after finishing the bitbank acquisition.
SBI Holdings has accredited a definitive settlement to amass cryptocurrency alternate bitbank for about ¥46.7 billion. The transaction will make bitbank an entirely owned subsidiary and create Japan’s largest crypto asset platform by buyer belongings below custody, pending regulatory approval.
SBI Expands Crypto Enterprise By Bitbank Acquisition
SBI Holdings confirmed the acquisition via its wholly owned subsidiary, SBICAH LLC. The entire transaction worth is roughly ¥46.7 billion. The settlement follows a letter of intent signed between each firms in Might 2026.
The acquisition will happen via a number of deliberate levels earlier than completion in October 2026. Every step stays topic to approval from the Japan Honest Commerce Fee and different customary closing circumstances.
The method begins with SBICAH buying 53,704 shares from bitbank CEO Noriyuki Hirosue and different shareholders throughout August. Afterward, SBICAH will subscribe to 48,952 newly issued shares via a third-party allotment deliberate for October.
Bitbank will then use the newly raised capital to repurchase shares held by its main company buyers, MIXI and Ceres. These shares will turn out to be treasury inventory earlier than retirement, permitting SBI Holdings to not directly safe full possession.
SBI Holdings to Absolutely Purchase bitbank, Creating Japan’s Largest Crypto Asset Platform by Belongings
Following the signing of a Letter of Intent in Might 2026, SBI Holdings’ board of administrators has accredited a definitive settlement to show cryptocurrency alternate bitbank right into a… pic.twitter.com/LjSdWMWZyt
— Norbert Gehrke (@norbertgehrke) June 30, 2026
Earlier than the settlement, Hirosue owned a 30.86% stake in bitbank. In the meantime, MIXI held 26.22%, whereas Ceres managed 22.39% of the alternate.
The corporate expects to finish each transaction stage throughout October if regulators approve the acquisition. Following completion, SBI Holdings will management 100% of bitbank’s voting rights via SBICAH.
Mixed Platform Targets Market Management
The acquisition strengthens SBI Holdings’ place inside Japan’s regulated cryptocurrency market. It additionally expands the group’s digital asset operations alongside its current alternate, SBI VC Commerce.
Primarily based on buyer information from April 2026, the mixed companies will maintain roughly ¥1.1 trillion in buyer belongings below custody. Collectively, they will even serve roughly 2.92 million cryptocurrency accounts throughout Japan.
SBI said that bitbank’s safety historical past supported the acquisition choice. The alternate has reported no profitable hacking incidents since its launch in 2014, strengthening confidence in its operational requirements.
Past alternate providers, SBI plans to increase stablecoin choices and on-chain monetary merchandise utilizing the mixed platform. The corporate continues investing in blockchain infrastructure and tokenized monetary providers throughout Japan.
Bitbank at the moment supplies cryptocurrency buying and selling, lending, and crypto-related cost providers for home customers. Current buyer providers will proceed with out quick operational modifications in the course of the acquisition course of.
SBI Holdings additionally said that the transaction just isn’t anticipated to materially have an effect on its consolidated monetary outcomes for the fiscal yr ending March 2027. As a substitute, the corporate views the acquisition as a long-term strategic funding designed to strengthen its digital asset enterprise and increase its presence in Japan’s rising cryptocurrency trade.