Digital Finance & Tokenization
SBI Completes Full Acquisition of Bitbank; CEO Hirosue to Stay On
Bitbank, which operates a cryptocurrency exchange, announced on October 1 that the procedure to make it a wholly owned subsidiary of SBI Holdings has been completed. The two companies had announced the signing of an agreement toward the full acquisition on June 25, and the series of transactions was completed on October 1 when Bitbank acquired its own shares from existing shareholders MIXI and Ceres. The move will have no impact on Bitbank's services, and users will be able to continue using them as before. Accordingly, SBI VC Trade President Tomohiko Kondo has taken a position as a director of Bitbank. Meanwhile, Noriyuki Hirosue of Bitbank will continue to serve as representative director, president and CEO, and is also set to become an outside director of SBI VC Trade.
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8473.JP · Capital · Positive SBI completed the acquisition making Bitbank a wholly owned subsidiary.
bitbank · Capital · Neutral Bitbank became a wholly owned SBI subsidiary after buying back shares from MIXI and Ceres.
SBI VC Trade · Capital · Neutral SBI VC Trade's president joined Bitbank's board as part of the integration.
2121.JP · Capital · Neutral MIXI sold its Bitbank shares to Bitbank as part of SBI's full acquisition.
3696.JP · Capital · Neutral Ceres sold its Bitbank shares as part of SBI's buyout, exiting its stake.