Japanese Bitcoin wealth firm Metaplanet acquires Siiibo Securities

ME News reports that on June 12 (UTC+8), Japanese Bitcoin treasury company Metaplanet has reached an agreement to acquire 100% of the equity of Siiibo Securities, a licensed Tier-1 securities firm in Japan. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities. Metaplanet stated that this acquisition marks its first major merger and acquisition and the first concrete step toward implementing its long-term strategy, “Project Nova,” aimed at building a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities’ Tier-1 securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-linked income products for Japanese investors. Metaplanet noted that its current balance sheet holds 40,177 BTC. Following the acquisition, Metaplanet Securities will leverage its securities business qualifications to offer new Bitcoin-linked investment opportunities in the Japanese market. The company recognizes the achievements of the Siiibo Securities team in developing Japan’s online corporate bond market and expects the merger to further advance the development of Bitcoin-related financial products in Japan. (Source: ODAILY)