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Bakkt Acquires 30% Stake in Marusho Hotta for $115M, Rebrands as "bitcoin.jp"

Superex 07/08/2025 13:30
Bakkt has announced the acquisition of a 30% stake in Japanese yarn manufacturer Marusho Hotta for $115 million. The company plans to rebrand Marusho Hotta as "bitcoin.jp" as part of a strategic pivot towards a crypto treasury business. This move will focus on Bitcoin and digital assets, marking a significant shift in Bakkt's business strategy.
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Author: Superex

This content is for informational purposes only and does not constitute investment advice.

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