SBI fully acquired the Japanese cryptocurrency exchange Bitbank for 46.7 billion yen

Japanese licensed cryptocurrency exchange Bitbank announced that SBI Holdings has completed its full acquisition. Following Bitbank's repurchase of shares from MIXI and Ceres, all previously planned transactions have been finalized, making Bitbank a 100% indirectly held subsidiary of SBI Holdings. The total consideration for the share acquisition and capital increase disclosed by SBI earlier is approximately 46.7 billion yen.

Bitbank CEO Noriyuki Hirose will remain in office. The company stated that existing exchange services will not be affected by this transaction, and it will further expand its digital asset business by leveraging SBI's financial capabilities, customer base, and resources.