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Signaling the growing institutional embrace of digital assets, Japanese financial services firm SBI Holdings announced the acquisition of crypto exchange Bitbank for $289 million, according to reports. The deal is expected to close in October.
The acquisition comes amid a rising trend of traditional financial firms acquiring crypto platforms, reflecting a strategic shift toward integrating digital assets into mainstream banking. SBI Holdings has previously invested in blockchain and crypto ventures, and this deal solidifies its footprint. Shares of SBI Holdings (8473.T) closed at 2,737.5 yen on June 25, 2026, per market data.
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Sign InInvestors are watching the closing in October as a potential catalyst for the stock, along with regulatory developments in Japan regarding digital assets. Further M&A in the sector could follow as financial institutions maintain interest in cryptocurrencies. The focus remains on SBI's ability to integrate Bitbank's platform and leverage its user base.