CoinWorld News: Japan’s SBI Holdings announced the acquisition of Bitbank for 46.7 billion yen (approximately 6.8 billion USD). After the merger, SBI will hold approximately 1.1 trillion yen (approximately 6.8 billion USD) in customer crypto assets, with nearly 3 million accounts. SBI said this will make it the largest crypto exchange group in Japan by assets under management.

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HashbrownHero
· 2h ago
The acquisition price of 46.7 billion yen, when calculated, is not an expensive valuation. SBI got a bargain.
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CliffsideAncientPineAndRolling
· 2h ago
68B US dollars? This number looks a bit confusing. Is it a typo or is it really that large in scale?
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