Metaplanet Buys Japanese Securities Firm for $13M to Offer Bitcoin Yield Products

Bitcoin treasury firm Metaplanet is buying Siiibo Securities for $13 million to create Bitcoin-linked yield products for Japanese retail investors, tapping into $7.4 trillion in household savings as inflation rises.

• Metaplanet acquired Siiibo Securities for 2.1 billion yen ($13M), rebranding it as Metaplanet Securities.
• The deal is the first step in 'Project Nova' — a strategy to build a Bitcoin-centric financial ecosystem in Japan.
• Metaplanet holds 40,177 BTC ($2.6B), making it the third-largest public Bitcoin treasury company.
• CEO Simon Gerovich says Japan's shift from deflation to inflation is driving demand for yield-generating alternatives.
• The securities license lets Metaplanet offer Bitcoin-linked products directly to Japanese retail investors.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.