Metaplanet to acquire Siiibo Securities in first major Project Nova deal

Metaplanet said it will acquire all outstanding shares of Siiibo Securities for ¥2.1 billion, or about $13.1 million, in a deal expected to close on July 13, 2026, after which the company plans to rename the business Metaplanet Securities Inc. The transaction is the first major deal under Project Nova, Metaplanet’s medium- to long-term strategy to build a Bitcoin-centric financial platform in Japan. By acquiring Siiibo, Metaplanet gains a Type I Financial Instruments Business Operator registration, the Japanese license needed to structure and distribute financial products to retail investors, alongside an existing online platform and customer base. Metaplanet said this would help it begin offering Bitcoin-linked investment products to individual Japanese investors, including potential BTC-linked bonds. Siiibo Securities, founded in January 2019, has supported more than 40 issuers and facilitated over 100 private placement corporate bond offerings. Metaplanet said it held 40,177 BTC as of May 31, 2026, with a net asset value of ¥457.6 billion, making it the largest corporate Bitcoin holder in Asia and the third-largest globally. The company said it will fund the acquisition with cash on hand and borrowings, with the option to use Bitcoin-backed credit facilities totaling up to $500 million.