According to CoinDesk, Metaplanet, a Tokyo-listed bitcoin treasury company, acquired Siiibo Securities for 2.1 billion yen ($13.1 million) on June 12. After closing, Siiibo will become a wholly owned subsidiary and be renamed Metaplanet Securities.
The acquisition marks the first step under Metaplanet's Project Nova strategy to build a bitcoin financial ecosystem. Metaplanet plans to leverage Siiibo's Type I Financial Instruments Business Operator license, customer base, and expertise to develop bitcoin-linked financial products. Metaplanet held 40,177 BTC worth approximately $2.6 billion as of May 31.