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SBI Holdings to buy bitbank in ¥46.7B Japan crypto deal – TON BOT

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SBI Holdings to buy bitbank in ¥46.7B Japan crypto deal

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SBI Holdings has approved a definitive agreement to fully acquire Japanese crypto exchange bitbank, making it a wholly owned subsidiary. The deal, valued at ¥46.7 billion, aims to create Japan’s largest crypto asset platform by customer assets custody. The transaction involves share purchases, new shares, and buybacks, with plans to combine bitbank with SBI VC Trade, stablecoins, and on-chain finance products in Japan. The acquisition is subject to approval and is expected to be completed by October 2026.

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