Japanese bitcoin treasury firm Metaplanet agreed to fully acquire Siiibo Securities, a licensed Type I securities firm, for 2.1 billion yen ($13 million), CEO Simon Gerovich announced Friday on X. The deal is expected to close in July this year and forms part of Metaplanet's 'Project Nova,' a strategy to build a bitcoin-centric financial ecosystem in Japan. The acquisition enables Metaplanet to develop and distribute bitcoin-linked yield products directly to Japanese investors, supported by the company's 40,177 BTC holdings. Japanese households held 1,140 trillion yen ($7.1 trillion) in cash and deposits at the end of 2025, accounting for 48.5% of total financial assets according to Bank of Japan data released in March, as the country shifts from deflation to inflation.
Metaplanet Announces First Major Acquisition Under Project Nova
Metaplanet plans to rebrand Siiibo Securities as Metaplanet Securities following the July closing. Gerovich stated this marks "Metaplanet's first major acquisition and the first concrete step in Project Nova, our long-term strategy to build a Bitcoin-centric financial ecosystem in Japan."
Integrating Siiibo's securities business allows Metaplanet to expand beyond bitcoin accumulation into investor-facing financial products. "By bringing Siiibo's Type I registration and online securities platform into the group, we will develop and distribute bitcoin-related yield products directly to Japanese investors," Gerovich said.
Gerovich stated in a separate statement that the company's mission is "to deliver new yield-generating opportunities through a bitcoin-centric financial platform, and to build, from Japan, a financial ecosystem that unites bitcoin with traditional finance."
Siiibo Securities Operates Type I Financial Instruments Business
Founded in 2019, Siiibo Securities operates as an independent Type I financial instruments business operator in Japan. The firm allows retail investors to invest in privately placed corporate bonds, a market historically dominated by institutions and high-net-worth investors, according to a supplementary deck. Siiibo facilitated more than 100 bond issuances for over 40 companies, per the document.
Metaplanet and Siiibo Report Net Losses in Recent Periods
Siiibo posted a net loss of 175.4 million yen ($1.1 million) last year, compared to a net loss of 162.1 million yen ($1 million) in 2024, according to the statement. Metaplanet posted a 114.5 billion yen ($715.4 million) net loss in Q1, driven by bitcoin end-of-period mark-to-market valuation losses.
Metaplanet's Tokyo-listed shares closed up 3.6% on Friday, though the stock remained down about 31.7% over the past month.
FAQ
What did Metaplanet acquire and for how much?
Metaplanet agreed to fully acquire Siiibo Securities for 2.1 billion yen ($13 million), as announced by CEO Simon Gerovich on Friday on X.
When is the Metaplanet-Siiibo acquisition expected to close?
The deal is expected to close in July this year, at which point Metaplanet plans to rebrand Siiibo Securities as Metaplanet Securities.
What is Project Nova?
Project Nova is Metaplanet's long-term strategy to build a bitcoin-centric financial ecosystem in Japan, with the Siiibo acquisition representing the first concrete step in this initiative.
