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🚨 SBI to Acquire 100% of bitbank in ¥46.7B Deal 🇯🇵
🔹 SBI Holdings approved a ¥46.7B ($320M+) acquisition to make bitbank a wholly owned subsidiary.
🔹 The deal will close in two stages (Aug & Oct 2026), pending regulatory approval.
🔹 SBI plans to merge bitbank with SBI VC Trade, creating a crypto giant with ¥1.1T in assets under custody and 2.92M accounts.
The move also supports SBI's expansion into stablecoins, tokenisation, and on-chain finance.