Metaplanet to Acquire Siiibo Securities for $13 Million, Plans Bitcoin-Centric Platform

Metaplanet agreed to acquire Siiibo Securities for 2.1 billion yen (about $13 million), with the deal expected to close in July. The Japanese bitcoin treasury company is establishing a regulated financial platform under Project Nova, its long-term strategy to build a bitcoin-centric financial ecosystem in Japan.

After closing, Siiibo will become Metaplanet Securities, a wholly owned subsidiary. Metaplanet plans to leverage Siiibo's Type I securities license and corporate bond platform to develop bitcoin-related yield products for Japanese investors, supported by Metaplanet's 40,177 BTC holdings. Siiibo has facilitated over 100 bond issuances since 2019, providing existing infrastructure that shortens Metaplanet's path from treasury company to regulated financial products issuer.