# Japanese financial conglomerate SBI Holdings plans to acquire a stake in Bitbank.

*fintech · news · 2026-05-01 · CoinDesk*

## Key points

- SBI Holdings has submitted a letter of intent to acquire shares in Bitbank.
- SBI aims to turn Bitbank into a consolidated subsidiary as part of its crypto expansion.
- Japan's cabinet approved a draft law to regulate crypto as financial products, effective as early as 2027.
- SBI plans to acquire a majority stake in Singapore's MAS-regulated digital asset platform Coinhako.

**Companies:** SBI Holdings, Bitbank Co., Ltd.
**Countries:** Japan, Singapore

[Read the full story on CoinDesk](https://www.coindesk.com/business/2026/05/01/sbi-holdings-continues-its-crypto-expansion-with-plans-for-a-stake-in-bitbank)

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