Bakkt Expands Global Bitcoin Play With 30% Stake in Japan’s Marusho Hotta
Bakkt is acquiring a 30% stake in Japanese firm Marusho Hotta and is expanding into Asian crypto markets.
What to know:
Bakkt is acquiring a 30% stake in Japan’s Marusho Hotta, becoming its largest shareholder and signaling a strategic expansion into Asian crypto markets.
The company will be rebranded as bitcoin.jp, with Bakkt International President Phillip Lord taking over as CEO and integrating BTC into its corporate treasury
Bitcoin treasury company BitBridge completed its merger with Green Mountain Merger Inc.
Amid a sea of new crypto treasury companies popping up, Bakkt and BitBridge are in the news today, after they both provided updates on their bitcoin treasury strategies.
Bakkt (BKKT), the technology firm that went all-in on crypto, has signed a deal to acquire nearly one-third of Japanese trading company Marusho Hotta (8105), in a move that could signal a broader international bitcoin
strategy for the U.S.-based digital asset platform, the company said in a press release Wednesday.