Metaplanet Acquires Japanese Security Firm for $13M to Launch Bitcoin Trading

The Japanese Bitcoin investment firm Metaplanet is acquiring the security firm Siiibo for $13 million to develop and distribute products linked to Bitcoin directly to Japanese investors, which shows its growth beyond simple. Bitcoin accumulation in economic development.

The target of the acquisition, Siiibo Securities, has a Type 1 Financial Instruments Business license and pioneered the online corporate market in Japan, sponsoring more than 100 bonds for more than 40 companies. Following the closing in July, the company will rebrand as Metaplanet Securities.

In a tweetMetaplanet CEO Simon Gerovich called the agreement “the first concrete step in Project Nova, our long-term strategy to build a Bitcoin financial ecosystem in Japan,” based on the company’s extensive Bitcoin economy. Metaplanet is the third largest Bitcoin escrow company with 40,177 BTC, at BitcoinTreasuriesabout $2.6 billion at current prices.

The security acquisition represents a strategic shift for Metaplanet, which has acquired Bitcoin as a hedge against the yen’s decline. “We see Bitcoin not just as a store of wealth, but as the foundation for the next generation of finance,” Gerovich said in a statement. words. He pointed to the company The work of Project Novawhich aims to create a “Bitcoin-centric ecosystem” in the medium to long term.

Gerovich pointed to a change in the stock market in Japan, where households had $7.4 trillion in cash and deposits, showing a decline over the years. Japan’s recent shift in inflation creates a need for other ways to increase productivity, he argued, noting that, “the capital has already started looking for productivity.” With access to Japanese investors through a securities license, Metaplanet can now offer Bitcoin-linked products to capture a portion of the funds held in these houses.

Earlier this year, Metaplanet uncovered The business arm is a funding channel, targeting early stage and growing companies and funding to support Bitcoin developers and educators. The industry’s push to produce Bitcoin products also follows the crypto industry’s pursuit of corporate interests. Morpho raised $175 million expanding DeFi credit on Wall Street, right Kraken launched a rental property for Bitcoin to generate revenue.

In 2024, Bitcoin Treasury Company Strategy revealed its passion to be a “Bitcoin bank,” according to its Chairman Michael Saylor, creating capital market tools built in Bitcoin that can be given for money. In recent weeks, the company sold Bitcoin for the first time since 2022, shaking the crypto market and, some skeptics they arguedindicating a “structural explosion” in the Bitcoin flywheel.