Bakkt will become the largest shareholder in the Japanese company Marusho Hotta, focusing on the development of Bitcoin and digital asset storage.
Through this transaction, Bakkt plans to rename the company to bitcoin.jp, focusing on promoting the application of Bitcoin and digital assets in enterprises, in order to expand its multinational Bitcoin storage strategy.
MAIN CONTENT
Bakkt has acquired about 30% of the shares of Marusho Hotta, becoming the largest shareholder.
Plans to rename the company to bitcoin.jp to enhance the application of Bitcoin in enterprises.
Phillip Lord has been appointed as CEO after the transaction is completed.
How did Bakkt carry out the share acquisition?
Bakkt announces the acquisition of about 30% of the shares of the Japanese company Marusho Hotta, becoming the largest current shareholder.
According to information from The Block on August 6, specific transaction terms have not been publicly disclosed. This investment is part of Bakkt's plan to expand its multinational Bitcoin storage strategy, helping to broaden its scope and influence in the global digital asset market.
This transaction still requires the approval of shareholders related to the renaming and strategic adjustments after the deal is completed.
What will the company be renamed and what is the purpose?
Bakkt plans to rename Marusho Hotta to bitcoin.jp to promote the adoption of Bitcoin and digital assets as a store of value within enterprises.
The renaming not only carries brand significance but also reflects the new company's strategy in supporting and developing a safe Bitcoin storage infrastructure in Japan. This is a strategic move in the context of increasing global business interest and application of Bitcoin.
"The renaming to bitcoin.jp reflects our commitment to expanding the adoption of Bitcoin as well as digital assets in the business environment."
Phillip Lord, President of Bakkt International, 2024
Who will run the company after the transaction is completed?
Phillip Lord, President of Bakkt International, will hold the role of CEO of the company after the deal is completed.
The appointment of Phillip Lord ensures continuity and synchronization in the development strategy of Bitcoin storage on a multinational scale, based on his experience and professional leadership vision at Bakkt.
This transition is expected to strengthen governance and enhance the company's reputation in the global digital asset industry.
What does this deal mean for the digital asset market?
The transaction demonstrates the trend of expanding investment in the digital asset storage system in the Japanese market – one of the important financial centers in the region.
Bakkt, by becoming the largest shareholder and renaming the company, wants to assert its important position in the global Bitcoin ecosystem. This is also a positive signal for the market when an internationally renowned enterprise deeply participates in the field of storage and security of digital assets.
This strategy contributes to promoting the adoption and development of digital assets within enterprises, increasing transparency and security in digital capital management.
Frequently Asked Questions
How many shares of Marusho Hotta did Bakkt acquire?
Bakkt has acquired about 30% of the shares, becoming the largest shareholder in Marusho Hotta.
What will Marusho Hotta be renamed after the transaction is completed?
The company plans to rename itself to bitcoin.jp to enhance its recognition in the digital asset sector.
Who will be the CEO of the company after the transaction?
Phillip Lord, President of Bakkt International, will assume the role of CEO of the new company.
How will the deal help Bakkt expand its operations?
This deal is part of Bakkt's multinational strategy to develop storage for Bitcoin and digital assets.
Does the renaming and new strategy require shareholder consensus?
Yes, the renaming and strategic adjustments must be approved by shareholders before implementation.
Source: https://tintucbitcoin.com/bakkt-mua-30-co-phan-marusho-hotta/
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