SBI Holdings Acquires Japanese Crypto Exchange Bitbank

SBI Holdings has completed the full acquisition of the licensed Japanese cryptocurrency exchange Bitbank. Following the repurchase of shares from MIXI and Ceres, Bitbank is now a wholly-owned subsidiary of SBI Holdings. The total consideration for the acquisition and capital increase was approximately 46.7 billion yen. CEO Noriyuki Hirosue will remain in his position, and the company stated that existing services will continue unaffected while leveraging SBI's financial resources and customer base to expand digital asset operations.