Metaplanet Acquires Siiibo Securities for $13M to Build Bitcoin Yield Products
Japanese Bitcoin treasury firm Metaplanet has agreed to acquire Siiibo Securities for 2.1 billion yen ($13 million), marking the first concrete step in its "Project Nova" strategy to build a Bitcoin-centric financial ecosystem. The deal is expected to close in July 2026, after which the acquired firm will be rebranded as Metaplanet Securities. Siiibo Securities holds a Type 1 Financial Instruments Business license and pioneered Japan's online corporate bond market, having supported over 100 bond offerings for more than 40 companies. Metaplanet, the third-largest Bitcoin treasury company with reserves of 40,177 BTC (worth ~$2.6 billion), plans to use the license to develop and distribute Bitcoin-linked yield products directly to Japanese retail investors. CEO Simon Gerovich highlighted that Japanese households hold around $7.4 trillion in cash and deposits, and with inflation shifting, there is growing demand for yield-generating alternatives. This acquisition follows similar moves by crypto firms targeting institutional demand, such as Morpho's $175M raise for DeFi lending and Kraken's Bitcoin yield vaults. In 2024, Strategy (MicroStrategy) expressed ambitions to become a "Bitcoin bank," though recent Bitcoin sales have raised concerns about its strategy.
Key facts
- Metaplanet acquires Siiibo Securities for $13M, closing in July 2026.
- Acquired firm will rebrand as Metaplanet Securities, holding a Type 1 financial license.
- Metaplanet holds 40,177 BTC ($2.6B), the 3rd largest Bitcoin treasury.
- Aim to offer Bitcoin-linked yield products to Japanese retail investors.
- Project Nova strategy builds a Bitcoin-centric financial ecosystem in Japan.