Summary
- SBI Holdings said it has entered talks on a capital and business alliance to acquire cryptocurrency exchange bitbank.
- The company said it plans to acquire bitbank shares after completing due diligence and internal procedures.
- bitbank has been preparing for an initial public offering (IPO) on the Tokyo Stock Exchange since mid-2025.
Forecast Trend Report by Period
SBI Holdings is in talks on a capital and business alliance aimed at acquiring cryptocurrency exchange bitbank, according to foreign media reports.
BlockBeats and other outlets reported on May 1 that SBI Holdings had submitted a letter of intent to acquire shares in bitbank Inc., the operator of bitbank, and had officially begun discussions on the proposed tie-up. The company said it plans to acquire the shares after completing due diligence and internal procedures.
The timing and structure of the acquisition have yet to be determined.
SBI Group has been stepping up integration of its cryptocurrency businesses in Japan. On April 1, its subsidiary SBI VC Trade absorbed Bitpoint Japan, expanding its business base.
bitbank, meanwhile, has been preparing for an initial public offering on the Tokyo Stock Exchange since mid-2025.
Uk Jin
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