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Press Release

CyberAgent Establishes CyberAgent Bitcoin, Inc., a Subsidiary that Handles Virtual Currency Transactions

CyberAgent

CyberAgent, Inc. (Head office: Shibuya-ku, Tokyo; President: Susumu Fujita; TSE: 4751) has established CyberAgent Bitcoin, Inc. as a new subsidiary that will handle virtual currency transactions, on October 2, 2017.
 
The number of users of virtual currencies, including bitcoin, has recently skyrocketed, and a system for registering virtual currency exchanges will be enforced in Oct. 2017. Like this, our society is increasing interest in virtual currencies. In these circumstances, the company enters into a business of trading virtual currencies, proceeds to register the new company CyberAgent Bitcoin, Inc.  as a virtual currency trader, and plans to commence the operation of a virtual currency exchange next spring.
 
Since our business start-up in 1998, the company has been conducting advertisement and media businesses in the Internet field, and currently offers a wide array of services, including video and music distribution. In the new business of operating a virtual currency exchange, we aim to operate a highly convenient exchange and increase customers by utilizing the know-how of Internet marketing we cultivated and the capability of designing user-friendly services we nurtured through the development of the Internet TV station “AbemaTV,” the flat-rate music distribution service “AWA,” etc.

Overview of the new company

Name         CyberAgent Bitcoin, Inc.   
Address      1-12-1 Dogenzaka, Shibuya-ku, Toyo
Established   October 2, 2017 
Capital        150 million yen  (Wholly owned subsidiary of CyberAgent)
Executive    Hiroki Urabe, President
Business     Trading of virtual currencies