Bakkt has acquired a 30% stake in Marusho Hotta, which will be renamed Bitcoin.jp. This marks its strategic move into becoming a pure crypto treasury company.
Following the acquisition announcement, Marusho Hotta’s stock price surged by 36%, reflecting positive trader sentiment and interest in the company’s future.
With operations extending to Japan and Latin America, Bakkt is focusing on raising significant funds, potentially up to 1 billion USD, to enhance its Bitcoin and cryptocurrency holdings.
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