Metaplanet will acquire Siiibo Securities, a licensed Japanese securities firm, for approximately $13.12 million.

CoinFeed reported on June 12 that Metaplanet, a Japanese listed Bitcoin treasury company, announced it will acquire all issued shares of Siiibo Securities, a licensed Tier 1 securities firm in Japan, for 2.1 billion yen (approximately US$13.12 million), making it a wholly-owned subsidiary. Following the acquisition, Metaplanet plans to rename Siiibo Securities as Metaplanet Securities Inc. This acquisition is the first major M&A transaction in Metaplanet's medium- to long-term strategy, "Project Nova," which aims to build a Bitcoin-centric financial platform and ecosystem. Siiibo Securities holds a Type 1 financial instruments business license, operates an online corporate bond platform, and has a client base of individual and institutional investors.