SBI Holdings Plans to Make bitbank a Consolidated Subsidiary Through Capital Business Alliance

Odaily Odaily reports that SBI Holdings has announced the official launch of negotiations for a capital business alliance agreement with bitbank operator bitbank Inc., effective May 1, 2026. SBI Holdings stated that this collaboration aims to make bitbank a consolidated subsidiary by acquiring shares, with the specific acquisition ratio and timeline to be determined after due diligence. bitbank had previously planned to list on the Tokyo Stock Exchange in mid-2025 and boasts an industry-leading safety record. Should this deal be completed, the SBI Group will integrate its major exchanges, including SBI VC Trade, BITPoint Japan, and bitbank, making it the largest cryptocurrency platform group in Japan. (CoinPost)