Bakkt Acquires 30% Stake in MarushoHotta — Rebrands to Bitcoin JP 🇯🇵
Bakkt Holdings is taking a bold leap into Japan by acquiring 30% of Tokyo-listed MarushoHotta (MHT), becoming its largest shareholder. Under new leadership by Bakkt International’s president, MHT plans to integrate Bitcoin into its treasury strategy.
🔹 Rebranding to Bitcoin.jp
🔹 Japan’s regulatory environment cited as “ideal”
🔹 Focus: Making MHT a top Bitcoin treasury
While Bakkt stock ($BKKT) rose 2.5% on the news, it still trades ~70% below its yearly high. The long-term goal? A full Bitcoin-centric business transformation.
