Bakkt Holdings to Acquire 30% Stake in Marusho Hotta (Renamed bitcoin.jp)
August 6, 2025
Bakkt Holdings entered into a share purchase agreement with RIZAP Group to acquire ~30% of MarushoHotta Co., Ltd., making Bakkt its largest shareholder. The transaction is expected to position the renamed bitcoin.jp for a Bitcoin-focused treasury strategy, with Phillip Lord taking over as CEO of MHT.
- Buyers
- Bakkt Holdings, Inc., Bakkt OpCo Holdings, LLC
- Targets
- MarushoHotta Co., Ltd. (MHT)
- Sellers
- RIZAP Group, Inc.
- Industry
- Financial Services
- Location
- Japan
- Transaction Type
- Growth capital
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