Japanese crypto exchange Bitbank completed its full acquisition by SBI Holdings, becoming a wholly owned subsidiary. The transaction involved share repurchases from MIXI and Ceres, with management changes including Tomohiko Kondo joining as director. Bitbank stated it will leverage SBI Group's resources while maintaining existing services.
SBI Holdings completed its full acquisition of Japanese cryptocurrency exchange Bitbank for 46.7 billion yen, making it a 100% indirect subsidiary. Bitbank CEO Noriyuki Hirose will remain, and the company plans to expand its digital asset business leveraging SBI's resources and customer base.