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.
Location
Japan
Transaction Type
Growth capital

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