SBI Holdings to Purchase Bitbank for $289 Million in Crypto Deal

WHO:

Techmeme - SBI Holdings, a Japanese financial giant, is acquiring Bitbank, a top 10 Japanese crypto exchange.

WHAT:

Techmeme - SBI Holdings agreed to purchase Bitbank for approximately $289 million.

Bitcoinist - The acquisition is valued at ¥46.7 billion.

Bitcoinist - The deal will combine Bitbank with SBI VC Trade.

WHERE:

Techmeme - The acquisition involves Bitbank, which is based in Japan.

WHEN:

Techmeme - The deal is set to close in October.

WHY:

Bitcoinist - The acquisition aims to reshape Japan’s exchange market.

HOW:

Techmeme - The acquisition is part of a consolidation strategy in the cryptocurrency sector.

(UPDATED June 27, 2026 07:55 UTC)

SBI Holdings, a major player in Japan's financial landscape, is set to acquire Bitbank, one of the country's top ten crypto exchanges, for approximately $289 million, or ¥46.7 billion. This deal, which will combine Bitbank with SBI VC Trade, is part of a broader strategy to reshape and consolidate Japan's cryptocurrency exchange market. The acquisition is expected to close in October, marking a significant shift in the industry.