Bakkt Acquires 30% Stake in Japan’s Marusho Hotta for Bitcoin Strategy

Bakkt and BitBridge Capital Strategies have announced significant updates regarding their bitcoin treasury strategies.

Bakkt has signed an agreement to acquire approximately 30% of Japanese trading company Marusho Hotta, becoming its largest shareholder.
The acquisition aims to enhance Bakkt's international bitcoin strategy, with Marusho Hotta set to be renamed bitcoin.jp.
Phillip Lord, Bakkt International President, will become CEO of Marusho Hotta post-acquisition.
BitBridge Capital Strategies has completed its merger with Green Mountain Merger Inc. and will begin trading under the ticker symbol BTTL on OTC markets by the end of Q3.
Plans are in place for BitBridge to uplist to NASDAQ following the OTC launch.