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SBI Acquires Bitbank in ¥46.7 Billion Deal

Guavy AI Editorial Team
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SBI Holdings has completed its acquisition of Japanese crypto exchange Bitbank, making it a wholly owned subsidiary.

The takeover was announced on June 25, and after several stages, SBI Holdings successfully acquired Bitbank for ¥46.7 billion, making the Japanese exchange a subsidiary of the larger company.

SBI estimates that the combined assets under custody of SBI VC Trade and Bitbank total around ¥1.1 trillion, with approximately 2.92 million crypto asset accounts.

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