SBI has announced it will acquire the cryptocurrency exchange Bitbank for 46.7 billion yen

BlockBeats News, June 25th - According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire the cryptocurrency exchange bitbank for 46.7 billion yen (approximately $288 million). After the transaction is completed, SBI Group's cryptocurrency asset custody is expected to exceed 1 trillion yen, making it one of the largest operators in Japan.

According to the plan, a subsidiary of SBI Holdings will acquire shares of Bitbank from individual shareholders, including the founder, as early as August this year. Subsequently, Bitbank will buy back shares held by existing shareholders MIXI and Ceres by the end of October.

If the data of SBI's cryptocurrency exchange SBI VC Trade is combined with Bitbank, as of April this year, the total number of accounts for the two companies was approximately 2.92 million, with total assets under custody of about 11 trillion yen.

Although each cryptocurrency exchange has disclosed the timing of custody assets differently, among Japan's main industry competitors, as of the end of December 2025, bitFlyer's custody assets were approximately 960 billion yen, while Coincheck's were around 800 billion yen as of the end of March 2025.