SBI Holdings Buys Bitbank for ¥46.7 Billion in Japan Crypto Deal

SBI Holdings has announced its plan to acquire Japanese crypto exchange bitbank for approximately ¥46.7 billion, creating Japan's largest crypto asset platform by customer assets under custody.

The deal will involve several transaction steps, including a share transfer and the allotment of new shares, which is expected to be completed by October 2026, subject to regulatory approval.

The combined group would hold about ¥1.1 trillion in customer assets under custody and about 2.92 million crypto accounts, based on April 30 data from SBI VC Trade and bitbank.