Metaplanet, the Tokyo-listed company known for holding Bitcoin on its balance sheet, has agreed to acquire Siiibo Securities in a 2.1 billion yen (about $13.1 million) deal. The acquisition is designed to give the firm a formal securities arm that can offer Bitcoin-linked products to investors in Japan.
In a share transfer agreement reported by Metaplanet, the company will purchase 100% of Siiibo Securities, a licensed financial instruments business operator. After the transaction closes—expected in July—Siiibo Securities will become a wholly owned Metaplanet subsidiary and be renamed Metaplanet Securities.
Key takeaways
- Metaplanet will acquire Siiibo Securities for 2.1 billion yen to build a dedicated securities business in Japan.
- The…
