Breaking: Metaplanet Reveals New Corporate Acquisition To Offer Bitcoin Yield Products

Kritika Mehta
Updated
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Breaking: Metaplanet Reveals New Corporate Acquisition To Offer Bitcoin Yield Products

Highlights

  • Metaplanet is set to buy 100% shares of Siiibo Securities Co., Ltd.
  • Shortly after closing the deal, company will rebrand it as Metaplanet Securities Co. Ltd.
  • This acquisition will help future yield products in Japan related to Bitcoin.

Japanese Bitcoin treasury Metaplanet has announced a new corporate acquisition today. With this, the company is aiming to boost the growth of Bitcoin-related financial services in Japan with BTC yield products.

Metaplanet Announces Major Corporate Deal

According to Metaplanet CEO Simon Gerovich, the company has entered into an agreement to acquire all shares of Siiibo Securities Co., Ltd. in a tweet on X. For context, the firm is a Type I Financial Instruments Business Operator. It also has an online platform dedicated to individual investors’ offerings of corporate bonds.

On X, Gerovich wrote, “We are pleased to report that we have entered into an agreement to acquire all shares of Siiibo Securities Co., Ltd.”

The deal should be completed in July, the announcement said. After the completion, the company intends to rebrand the acquired firm’s name to “Metaplanet Securities Co., Ltd.”

Moreover, the transaction was a significant milestone for the Bitcoin-centric firm, according to Gerovich.

“This transaction marks our company’s first full-scale M&A and represents the initial concrete step in Project Nova, which aims to build a financial ecosystem centered on Bitcoin,” he said.

The acquisition comes on the heels of CEO Gerovich eyeing share buyback to maximize BTC yield. Ahead of the announcement of this deal, the Metaplanet stock gained 3.57%, closing at 232 JPY on Friday, June 12.

How Will This Deal Help Expand Bitcoin-Related Business?

The purchase follows a series of Bitcoin-related acquisitions that Metaplanet has been making. The new subsidiary will be used to offer investors new investment products related to Bitcoin, the company said. He added that the firm will use the unit to serve as the basis for regulatory and operational licensing.

The news highlighted that the investment trend is shifting in Japan. About “1,190 trillion yen remains stagnant in the form of cash deposits and low-yield products” among Japanese households, added Gerovich.

He said that with the country transitioning from deflation to inflation, investors are looking for more returns. “As the shift from deflation to inflation takes hold, funds are beginning to move in pursuit of yield,” the Metaplanet CEO added.

The integration of Siibo Securities’ registration and securities trading platform online will enable Metaplanet to “establish the framework to provide Bitcoin-related yield products to investors across Japan.”

Gerovich concluded, “We have great respect for Kazuki Komura and the team at Siiibo Securities and what they have built. Together, as Metaplanet Securities, we will bring new yield opportunities to Japan.”

The firm also reaffirmed the fact that it’s the “Asia’s largest holder with 40,177 BTC” Hence, it aims to use this advantage as to offer new investment products via the business acquired. However, the company hasn’t bought any Bitcoin since April.

Nonetheless, in April, Metaplanet issued $50 million in bonds to buy more Bitcoin. Hence, netizens believe it will continue buying BTC after a brief hiatus.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
AD
BestChange

Instant Currency Exchange at BestChange with Ease

  • Compare Rates Across 1000+ Exchanges
  • Access 250+ Cryptocurrencies & Pairs
  • Save Time with Real-Time Price Tracking
BestChange

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.