POPA ReconSBI to Buy Japan's Bitbank for $289 Million
SBI to Buy Japan's Bitbank for $289 Million Japanese financial giant SBI Holdings has agreed to acquire crypto exchange Bitbank for about ¥46.7 billion ($289 million), absorbing it as a wholly owned SBI subsidiary. Once it closes around October, the deal lifts SBI's crypto custody balance past ¥1 trillion (~$6.2 billion), making it the largest crypto business in Japan. SBI will buy out individual shareholders first, then stakes from Mixi and Ceres; Bitbank says its services will run unchanged through the transition. 👉 crypto.news/sbi-moves-to-fully-acquire-japan-crypto-exchange-bitbank
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