SBI Holdings to Acquire Bitbank in $288.6 Million Transaction
SBI Holdings has reached an agreement to purchase Bitbank, a significant player in the Japanese cryptocurrency sector, for $288.6 million. The deal is anticipated to finalize by October 2026.
SBI Holdings has announced its decision to acquire Bitbank, a well-known cryptocurrency exchange in Japan, for a total of $288.6 million.
The transaction is expected to be completed by October 2026, marking a significant move in the evolving landscape of the crypto market.
This acquisition highlights SBI Holdings' ongoing commitment to expanding its presence in the digital assets sector.
Updates
Update at 19:42 UTC on 2026-06-25
Decrypt reported SBI Holdings has agreed to a nearly $289 million deal to acquire crypto exchange Bitbank, pending regulatory approval.
Sources: Decrypt
Update at 08:31 UTC on 2026-06-26
CoinDesk reported SBI said the purchase of the crypto exchange is set to close in October.
Sources: CoinDesk