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Japanese crypto exchange Bitbank is preparing to go public, pending approval from relevant authorities

On July 31st, Japanese listed company Mixi announced that its equity affiliate, crypto asset exchange BitBank, is ready to go public. Except for the approval of the relevant departments for the listing of the stock, the planned time and market for the listing have not yet been determined. According to the preparation process of the stock listing, the listing may also be suspended. Currently, MIXI Corporation holds 26.99% of the shares, Ceres Corporation holds 23.05% of the shares, and BitBank Co., Ltd. holds 30.69% of the shares on behalf of the director and CEO. In September 2009, Mixi became a shareholder of Bitbank K.K. by investing approximately 7 billion yen in new shares through a third-party distribution.