Metaplanet to form securities arm through Siiibo acquisition

Metaplanet agreed to acquire Siiibo Securities for 2.1 billion yen ($13.1 million) to form Metaplanet Securities. The acquisition is the first step in Project Nova, the company's Bitcoin-centric finance strategy in Japan. Metaplanet plans to develop Bitcoin-linked yield products for Japanese investors, backed by its 40,177 BTC treasury.