SBI Holdings to acquire additional shares in BITPoint Japan
SBI Holdings, Inc. will make BITPoint Japan Co., Ltd. a wholly owned subsidiary by acquiring 49% shares of BITPOINT held by BITPoint Holdings Co., Ltd.
SBI had made BITPOINT a consolidated subsidiary by acquiring 51.0% of the total 128,400 outstanding shares of BITPOINT. BITPOINT which operates a crypto asset exchange supports comfortable trading for a wide range of trading styles by providing various transaction methods such as spot trading, lending service, and staking service in addition to handling of major crypto assets such as Bitcoin (BTC), Ethereum (ETH) as well as various altcoins such as Jasmy (JMY) and DEAPcoin (DEP).
In addition to increasing the number of accounts through cross-marketing by utilizing SBI Group’s customer base, the company will be able to pursue a variety of synergies, such as an offering of narrow spreads to customers by providing liquidity from B2C2 (a consolidated subsidiary of the Company), a global market maker, as well as to list carefully selected tokens in which the Company Group is related, including in-game tokens developed by gumi Group (a capital and business alliance partner of the Company).
In order to accelerate these measures through more flexible management, the Company has decided to acquire an additional 49.0% of BITPOINT common shares held by BITPoint HD, making it a wholly owned consolidated subsidiary of the Company.