Japan-listed company Metaplanet announced that it has reached an agreement to acquire 100% of the equity of Japan-licensed Tier 1 securities firm Siiibo Securities. Siiibo is one of Japan’s pioneers in the online corporate bond market. The transaction is expected to close in July, at which time the company will be renamed Metaplanet Securities. This is Metaplanet’s first major acquisition since its founding, and a prerequisite to its long-term strategy, Project Nova.
(Background: Metaplanet’s Q1 revenue surged 251%! It holds 40,000 BTC, with a market value exceeding 500 billion yen, accounting for 87% of Japan-listed companies.)
(Additional background: Japan’s revised financial laws upgrade cryptocurrencies into financial products, insider trading becomes a criminal offense, and ETFs are set to go live in 2028.)

Key Highlights

Metaplanet will acquire 100% of the equity of the Japan-licensed Tier 1 securities firm Siiibo Securities, and will be renamed Metaplanet Securities after the July closing.
This is Metaplanet’s first major acquisition since its founding, and the first concrete step in its long-term strategy, Project Nova.
Metaplanet holds approximately 40,000 BTC, making it the world’s 4th-largest corporate Bitcoin holder.

A “Bitcoin treasury” company in Japan is about to start selling financial products itself. According to Metaplanet’s official announcement, Metaplanet has stated that it has reached an agreement to acquire 100% of the equity of the Japan-licensed Tier 1 securities firm Siiibo Securities, making it a wholly owned subsidiary.

Siiibo is one of Japan’s pioneers in the online corporate bond market. The transaction is expected to close in July, after which the company will be renamed Metaplanet Securities.

a broker that sells Bitcoin products

After securing Siiibo’s securities license and bond platform, Metaplanet plans to develop income-generating products such as BTC-linked bonds and digital securities, converting its large Bitcoin reserves into financial instruments that can meet Japanese investors’ income needs.

Metaplanet is a Tokyo Stock Exchange-listed company led by CEO Simon Gerovich. It currently holds about 40,000 BTC, making it the world’s 4th-largest corporate Bitcoin holder.

However, whether Bitcoin-related products can be rolled out afterward still depends on Japan’s regulation and how well the market embraces them.

Frequently Asked Questions

Why does Metaplanet want to acquire Siiibo Securities?

This is the first implementation of Metaplanet’s long-term strategy Project Nova. By obtaining Siiibo’s securities license and bond platform, Metaplanet can develop income-generating products such as BTC-linked bonds and digital securities, converting its Bitcoin reserves into revenue from financial services.

What is Project Nova?

Project Nova is Metaplanet’s strategy to build a Bitcoin financial ecosystem in Japan. It is not only about hoarding coins and benefiting from price increases; on top of its massive BTC holdings, it aims to establish a complete suite of financial services, with the goal of becoming a Bitcoin financial platform at the institutional level in Japan.

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