TechFlow News: On May 1, according to CoinPost, SBI Holdings announced on May 1 that it has officially commenced discussions with bitbank Co., Ltd.—the operator of the cryptocurrency exchange bitbank—regarding a capital and business partnership, with the aim of integrating bitbank into SBI’s consolidated subsidiaries. SBI will proceed with share acquisition after completing due diligence and internal procedures; the specific timing and method of acquisition remain subject to further negotiation. Previously, SBI’s subsidiary SBI VC Trade completed the absorption merger of BITPoint Japan in April.
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