SBI Holdings has moved to expand its crypto presence by opening talks with Bitbank on a possible share acquisition. The planned deal could bring Bitbank under SBI as a consolidated subsidiary, strengthening its exchange network in Japan.
While key terms remain undecided, the discussions come soon after SBI’s Bitpoint merger, signaling faster consolidation in the country’s digital asset market as firms prepare for regulatory changes.
Move Follows SBI’s Bitpoint Merger
The talks come soon after another SBI crypto move. In April 2026, SBI VC Trade absorbed Bitpoint Japan through a merger.
That deal added another exchange business to SBI’s crypto operations. The Bitbank talks now show further expansion in the same market.
Japan’s crypto sector is also moving through a period of change. Regulators are discussing how crypto assets should be handled under financial market rules.
SBI’s latest step comes as large firms prepare for tighter oversight. It may also help the group combine exchange services under one structure.
If the deal is completed, SBI would control several major crypto platforms. That would increase its presence in Japan’s digital asset market.
Bitbank’s IPO Path Remains in Focus
Bitbank had earlier prepared for a Tokyo Stock Exchange listing. Reports said the company aimed to list by mid-2025.
The company also raised about 7 billion yen in 2021. That funding came through a capital and business alliance with Mixi.
Mixi became a major shareholder with a 26.2% stake. The investment helped Bitbank build an independent growth plan.
The new SBI talks may affect Bitbank’s listing path. Investors will watch how the share talks develop from here.
Bitbank has also promoted its security record since its founding. The company has said it has had zero hacking incidents.
Its stated vision is “realizing an open and fair society.” SBI may see that record as useful for wider financial services.
