SBI Holdings acquires Coinhako, picks up 1.11 trillion SHIB stake
SBI Holdings, one of Japan’s largest financial services groups, has acquired a majority stake in Singapore-based cryptocurrency exchange Coinhako. This transaction, completed after receiving final regulatory clearance from the Monetary Authority of Singapore (MAS), saw SBI Holdings inherit a sizable position of 1.11 trillion Shiba Inu (SHIB) tokens.