SBI Holdings, Inc today announced it will enter into a basic agreement with Bitbank, Inc, Mr. Noriyuki Hirosue, MIXI, Inc. and CERES INC in connection with making Bitbank a wholly owned subsidiary through SBICAH GK, a wholly owned subsidiary of SBI Holdings, and a series of related transactions.

SBI Holdings also resolved, as part of the Transaction, to enter into a share transfer agreement with Mr. Noriyuki Hirosue and other individual shareholders, etc. regarding the acquisition of shares of Bitbank, and concluded the Basic Agreement and the Share Transfer Agreement as of today.

The execution of the Transaction is subject to clearance under the review of business combination by the Japan Fair Trade Commission and the satisfaction of other conditions precedent relating to the Transaction.

Bitbank operates the crypto asset exchange “bitbank” under its vision of realizing an open and fair society. Since its founding, Bitbank has maintained zero hacking incidents and leverages its robust security capabilities to provide services that customers can use with confidence, contributing to the spread of crypto assets and the development of the market.

Upon completion of the Transaction, based on a simple aggregation of the figures of SBI VC Trade and Bitbank as of April 30, 2026, the Company Group is expected to have approximately JPY 1.1 trillion in assets under custody and approximately 2.92 million crypto asset accounts.

Upon completion of this series of transactions, the Transaction will be completed, and Bitbank is expected to become a wholly owned subsidiary of the Company (indirect ratio of voting rights held: 100.0%). The impact of the Transaction on the Company’s consolidated financial results for the fiscal year ending March 31, 2027 is expected to be minor.