Bakkt Expands Global Bitcoin Play With 30% Stake in Japan’s Marusho Hotta

Bakkt Expands Global Bitcoin Play With 30% Stake in Japan’s Marusho Hotta

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 (BTC) strategy for the U.S.-based digital asset platform, the…

Bakkt Buys 30% Stake In Marusho Hotta, Rebrand As Bitcoin.jp

Bakkt buys 30% stake in Japan’s Marusho Hotta, rebrands as bitcoin.jp for Bitcoin treasury. Bakkt expands into Japan, capitalizing on favorable regulations for Bitcoin growth. Marusho Hotta’s stock rises 36% after the acquisition, reflecting positive market reaction. Bakkt Holdings has purchased 30% of the shares of Marusho Hotta Co., Ltd., a Tokyo-listed company that specializes in the production of specialty yarns. Under the agreement, Bakkt w…

Bakkt Invests in Japanese Yarn Company for Crypto Business

Bakkt, a big name in the world of cryptocurrency, just made a surprising move. They bought 30% of a Japanese yarn company called Marusho Hotta. The deal is worth $115 million. But Bakkt isn’t interested in yarn. Instead, they want to change the company completely. They will rename it “bitcoin.jp” and turn it into a crypto business, as reported by Cointelegraph. From Yarn to Bitcoin: A Big Change Marusho Hotta is known in Japan for making good ya…

Bakkt Buys 30% Stake in Marusho Hotta for Bitcoin Treasury Push

Marking an innovative move, Bakkt Holdings, Inc. (NYSE: BKKT), acquired a 30% stake in Marusho Hotta Co., Ltd. (TSE: 8105), a company listed on the Tokyo Stock Exchange, following a share purchase agreement with RIZAP Group, Inc. This purchase entitles Bakkt as the largest shareholder of Marusho Hotta, a company known for its specialty yarn manufacturing.  According to the press release, Marusho Hotta will rebrand as “bitcoin.jp,” and also inclu…

Bakkt Secures 30% Stake In Marusho Hotta, Rebranding As ‘Bitcoin JP’ – MAXBIT

Bakkt Holdings (BKKT), a key player in the crypto services sector, has announced a strategic move to acquire approximately 30% of the outstanding shares of MarushoHotta Co., Ltd. (MHT), a company listed on the Tokyo Stock Exchange (TSE).  This massive acquisition, facilitated through a share purchase agreement with metallurgical company RIZAP Group, Inc., positions Bakkt...

Bakkt Buys Stake in Japan’s Marusho Hotta, Plans Rebrand to bitcoin.jp - Invest In Crypto News

Digital asset custodian and trading company Bakkt is finalizing a minority acquisition of Japanese company Marusho Hotta, marking a strategic step in its transformation into a crypto treasury business backed by Bitcoin and other digital assets. As part of the deal, Bakkt announced plans to acquire a 30% stake in Marusho Hotta, a publicly listed company that manufactures specialty yarns for domestic and international markets. The company will be …