Cryptocurrency infrastructure company Bakkt announced that it will acquire approximately 30% of the shares of the Japanese listed company Marusho Hotta and plans to rename it to 'bitcoin jp', promoting its corporate Bitcoin asset strategy. After the transaction is completed, Bakkt International President Phillip Lord will serve as CEO. The transaction is pending shareholder approval. Previously in July, Bakkt announced plans to raise $75 million through an initial public offering and submitted a multi-security financing filing of up to $1 billion in June to advance its Bitcoin asset allocation strategy. (The Block)