SBI Consolidates Japanese Crypto Market Leadership with Bitbank Acquisition

SBI Holdings has finalized its acquisition of Bitbank, marking a significant milestone in Japan's crypto market. The deal saw SBI disburse 46.7 billion yen ($294.9 million) to acquire 100% of Bitbank's shares.

The combined entity now oversees nearly 1.1 trillion yen in digital assets under custody across 2.92 million customer accounts, solidifying its position at the forefront of Japan's digital asset custody market by volume under management.

The transaction formally closed on October 1, 2026, following share buybacks from previous shareholders, including MIXI and Ceres. Bitbank will continue to operate as a subsidiary of SBI Holdings, maintaining its standard retail services without technical disruptions for users.