Bakkt to acquire ~30% of MarushoHotta, rename it bitcoin.jp as part of Bitcoin treasury strategy

Bakkt, Inc.

Bakkt signs share purchase agreement with RIZAP Group to acquire ~30% of Tokyo-listed MarushoHotta (TSE:8105), becoming largest shareholder.
MHT to be renamed bitcoin.jp, subject to shareholder approval; Bakkt has acquired the domain bitcoin.jp.
Phillip Lord, President of Bakkt International, to become CEO of MHT.
Transaction kick-starts Bakkt's multinational Bitcoin treasury strategy; co-CEO cites Japan's favorable regulatory environment.
Also on July 31, Bakkt entered a commercial agreement with DTR (controlled by co-CEO Akshay Naheta) for payments and crypto integration.

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