Japanese bitcoin treasury firm Metaplanet is acquiring Siiibo Securities for 2.1 billion yen ($13 million) as it seeks to develop and distribute bitcoin-linked yield products directly to investors in the country.
Metaplanet CEO Simon Gerovich said Friday on X that the company has agreed to fully acquire Siiibo Securities, a licensed Type I securities firm and a major player in Japan's online corporate bond market.
The deal is expected to close in July this year, and Metaplanet plans to rebrand Siiibo Securities as Metaplanet Securities. The acquisition forms part of Metaplanet's "Project Nova," a long-term strategy to build a bitcoin-centric financial ecosystem in Japan.
"This is Metaplanet's first major acquisition and the first concrete step in Project Nova, our long-term strategy to build a Bitcoin-centric financial ecosystem in Japan," said Gerovich.
According to Gerovich, integrating Siiibo's securities business would allow Metaplanet to expand beyond bitcoin accumulation and into investor-facing financial products.
"By bringing Siiibo's Type I registration and online securities platform into the group, we will develop and distribute bitcoin-related yield products directly to Japanese investors," the CEO said, adding that the move will be supported by the company's 40,177 BTC (BTC) holdings.
Japanese households held 1,140 trillion yen ($7.1 trillion) in cash and deposits at the end of 2025, accounting for about 48.5% of their total financial assets, according to data released by the Bank of Japan in March.
As Japan shifts from deflation to inflation, Gerovich said that capital has "begun searching for yield," providing an environment the company sees as an opportunity.
"Our mission is to deliver new yield-generating opportunities through a bitcoin-centric financial platform, and to build, from Japan, a financial ecosystem that unites bitcoin with traditional finance," Gerovich said in a separate statement.
Founded in 2019, Siiibo Securities runs as an independent Type I financial instruments business operator in Japan. It allows retail investors to invest in privately placed corporate bonds, a market that's historically dominated by institutions and high-net-worth investors, according to a supplementary deck. Siiibo has facilitated more than 100 bond issuances for over 40 companies, per the document.
Siiibo posted a net loss of 175.4 million yen ($1.1 million) last year, compared to a net loss of 162.1 million yen ($1 million) in 2024, according to the statement. Meanwhile, Metaplanet posted a 114.5 billion yen ($715.4 million) net loss in Q1, driven by bitcoin end-of-period mark-to-market valuation losses.
Metaplanet's Tokyo-listed shares closed up 3.6% on Friday, though the stock remained down about 31.7% over the past month.
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