Madison Group Holdings Limited, a Hong Kong-based investment holding company “engaged in the retail and wholesale of various wine products”, is reportedly planning to acquire a stake in BitOcean, a Japanese cryptoasset exchange. According to the South China Morning Post (SCMP), the Madison Holdings Group had noted in a filing to the Stock Exchange of Hong Kong (SEHK) that it was planning to acquire a 67.2% share in BitOcean through its subsidiary, Madison Lab. The acquisition is reportedly worth 1.68 billion Japanese yen (appr. $15.12 million), in addition to other business-related fees of about $15 million.
