Bakkt Acquires Stake in Marusho Hotta, Rebrands as “bitcoin.jp” for Crypto Treasury Shift
The post Bakkt Acquires Stake in Marusho Hotta, Rebrands as “bitcoin.jp” for Crypto Treasury Shift appeared first on Coinpedia Fintech News
Bakkt Holdings will acquire a 30% stake in Japanese yarn maker Marusho Hotta for $115 million as part of a major strategic pivot. The company will be rebranded as “bitcoin.jp” and shift its focus from textiles to a crypto treasury business centered on Bitcoin and digital assets. With Bakkt’s Phillip Lord set to become CEO, the newly named entity aims to leverage Japan’s crypto-friendly regulations and emerge as a corporate leader in Bitcoin-based treasury management.
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Bakkt Acquires Stake in Marusho Hotta, Rebrands as “bitcoin.jp” for Crypto Treasury Shift
The post Bakkt Acquires Stake in Marusho Hotta, Rebrands as “bitcoin.jp” for Crypto Treasury Shift appeared first on Coinpedia Fintech News
Bakkt Holdings will acquire a 30% stake in Japanese yarn maker Marusho Hotta for $115 million as part of a major strategic pivot. The company will be rebranded as “bitcoin.jp” and shift its focus from textiles to a crypto treasury business centered on Bitcoin and digital assets. With Bakkt’s Phillip Lord set to become CEO, the newly named entity aims to leverage Japan’s crypto-friendly regulations and emerge as a corporate leader in Bitcoin-based treasury management.
Read More
Digital Wealth Partners Raises $200M in XRP to Boost Investment Funds