Metaplanet will acquire Siiibo Securities for 2.1 billion yen ($13 million) in a move to expand its cryptocurrency-based financial services and develop bitcoin-linked yield products in Japan. The deal is expected to close in July, after which Siiibo will be renamed Metaplanet Securities.
Expansion into regulated financial services
The acquisition gives Metaplanet a Type I securities license, allowing it to offer regulated digital asset products through Japan’s financial system. Chief Executive Gerovich said the deal is a core part of “Project Nova,” a broader strategy to move beyond simply holding Bitcoin and toward building a full-scale financial services platform centered on digital assets.
By integrating Siiibo’s platform, Metaplanet plans to introduce new products such as bitcoin-linked bonds aimed at domestic traders seeking higher returns.
Siiibo’s business and financial position
Founded in 2019, Siiibo operates an online platform that enables retail traders to access privately placed corporate bonds, a market historically limited to large financial institutions. The company has facilitated more than 100 bond issuances for over 40 businesses.
Financial data shows Siiibo recorded a net loss of 175.4 million yen ($1.1 million) in 2025, widening from 162.1 million yen ($1 million) the previous year.
Metaplanet’s financials and market reaction
Metaplanet reported a first-quarter net loss of 114.5 billion yen ($715.4 million), largely driven by valuation changes in its Bitcoin holdings. Despite these losses, the company continues to position its bitcoin reserves—currently 40,177 BTC—as the foundation for its expansion strategy.
Shares of the Tokyo-listed firm rose 3.6% on Friday, although the stock remains down about 31.7% over the past month, reflecting ongoing volatility tied to its crypto-focused approach.
Favorable macro and regulatory backdrop
The move comes as Japan’s financial environment shifts. Household cash and deposits totaled 1,140 trillion yen ($7.1 trillion) at the end of 2025, accounting for roughly 48.5% of total financial assets. As the economy transitions from deflation toward moderate inflation, demand for higher-yield products has increased.
At the same time, regulatory changes are underway. Lawmakers have advanced legislation to treat cryptocurrencies under a framework similar to stocks, introducing stronger protections while potentially lowering capital gains taxes in the coming years. Metaplanet is positioning itself to align with these changes ahead of their full implementation.
Strategy signals shift toward product-driven growth
The Siiibo acquisition marks a clear strategic shift for Metaplanet from passive bitcoin accumulation to active product development. The company aims to build a digital asset financial ecosystem, with the launch of its first yield-generating products expected to serve as an early test of market demand in Japan.
For deeper insight into Japan’s evolving role in crypto and bitcoin strategy, explore this analysis today.
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