The operator of one of Japan’s largest crypto exchanges will be acquired by ACA Group, a Singapore-based Japanese private equity fund, Nikkei Asia reported.
The fund has agreed with a coalition of bitFlyer Holdings shareholders to buy a majority stake, which is estimated to have a value of up to 45 billion yen ($370 million). ACA is expected to eventually sell bitFlyer after increasing its corporate value.
Read the full report: Nikkei Asia
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