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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.
Authors credited by the source: Will Canny; AI Boost
Published by Holder based on an external source.
