According to Wu Blockchain, Japan's leading licensed crypto exchange Bitbank announced that its full subsidiary acquisition by SBI Holdings was completed on October 1. With Bitbank repurchasing shares previously held by MIXI and Ceres, the series of planned transactions has now been finalized. Bitbank is now a 100% indirectly owned subsidiary of SBI Holdings. SBI had previously disclosed that the total acquisition and capital increase cost for the shares was approximately 46.7 billion yen. Bitbank CEO Noriyuki Hirose will remain in his position, and Bitbank stated that this transaction will not affect existing exchange services. Moving forward, Bitbank plans to leverage SBI's financial capabilities, customer base, and resources to expand its digital asset business. https://www.(wublock123.com)/news/sbi-acquires-japanese-crypto-exchange-bitbank-467bn-jpy-69352