Metaplanet to Acquire Siiibo Securities in Bitcoin Product Push

Metaplanet links acquisition to Project Nova

Metaplanet framed the deal as its first major step under Project Nova, a plan to build a Bitcoin-centric financial ecosystem in Japan. Gerovich called the transaction “Metaplanet’s first major acquisition” and the “first concrete step in Project Nova,” making clear that the company views the purchase as part of a broader financial-products strategy rather than a standalone brokerage acquisition.

Gerovich said bringing Siiibo’s Type I registration and online securities platform into Metaplanet would allow the company to develop and distribute Bitcoin-related yield products directly to Japanese investors. He said Japan’s macro environment is becoming more favorable for yield products as the country moves from deflation toward inflation and capital has “begun searching for yield.”

Metaplanet said the strategy will be supported by its 40,177 BTC holdings, valued at about $2.6 billion as of May 31, 2026. The company’s stated direction is to use Bitcoin not only as a treasury reserve asset but also as the foundation for new financial products and services.

Siiibo Securities was founded in 2019 and operates as an independent Type I financial instruments business operator in Japan. Its platform allows retail investors to invest in privately placed corporate bonds, a market segment that has historically been dominated by institutions and high-net-worth investors.

Siiibo has facilitated more than 100 bond issuances for over 40 companies. Metaplanet expects Siiibo’s regulatory licenses, customer base and securities expertise to support its ambitions in digital assets and tokenized finance, including Bitcoin-linked investment products, expanded securities distribution and tokenized financial instruments.

Gerovich said Metaplanet’s mission is to deliver “new yield-generating opportunities” through a Bitcoin-centric financial platform and to build a financial ecosystem from Japan that connects Bitcoin with traditional finance.

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Japan’s household savings frame the opportunity

Bank of Japan data released in March 2026 showed that Japanese households held 1,140 trillion yen, or about $7.1 trillion, in cash and deposits at the end of 2025. Cash and deposits represented about 48.5% of total Japanese household financial assets, highlighting the large pool of conservative capital Metaplanet is seeking to address with regulated yield products.

The acquisition also comes as both companies have reported losses. Siiibo posted a net loss of 175.4 million yen, or about $1.1 million, last year, compared with a net loss of 162.1 million yen, or about $1 million, in 2024. Metaplanet posted a 114.5 billion yen net loss, or about $715.4 million, in Q1 2026, driven by Bitcoin end-of-period mark-to-market valuation losses.

Metaplanet’s Tokyo-listed shares, traded under ticker 3350, closed up 3.6% on Friday after the acquisition announcement. The stock was still down about 31.7% over the past month.