Metaplanet Acquires Siiibo Securities for $13.1 Million
- Metaplanet has agreed to acquire Siiibo Securities in a deal valued at ¥2.1 billion ($13.1 million).
- The acquisition will create a securities arm, with Siiibo becoming Metaplanet Securities after closing in July.
- Metaplanet holds a Bitcoin treasury of approximately 40,177 BTC, valued at ¥457.6 billion ($2.8 billion), making it Japan’s largest publicly listed BTC holder.
- The company plans to develop Bitcoin-related yield products for Japanese investors as part of its Project Nova strategy.
- Japan’s Lower House recently passed a bill to classify crypto assets under the financial instruments framework, paving the way for crypto ETFs.
This acquisition positions Metaplanet to leverage Siiibo’s licensing and customer base to offer income-oriented products like BTC-linked bonds, enhancing its role in Japan’s evolving financial landscape.
With a Bitcoin stash valued at about $2.8 billion, Metaplanet is set to expand its offerings significantly through this strategic move.(Source)
