Short News View Non-AMP

Bakkt Acquires Stake in Marusho Hotta, Rebrands as “bitcoin.jp” for Crypto Treasury Shift

Published by
Sohrab Khawas

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

SEC Can’t Ban or Ignore Crypto Anymore, Says Bloomberg’s Matt Levine

The idea of banning crypto in the U.S. is officially off the table - at…

August 7, 2025

Why TST Token Price Crashed 68% in 15 Minutes?

The TST (Test Token) is caught in a brutal pain cycle after a swift and…

August 7, 2025

Crypto Market Today: BTC and ETH Remain Strong Amid Global Tensions and Institutional Buying

The crypto market continues to hover around a $3.7 trillion valuation, with Bitcoin trading near…

August 7, 2025

Altseason Brewing, as Bitcoin Dominance Mirrors 2021 Crash?

The crypto market is showing early signs of an incoming Altseason as multiple technical and…

August 7, 2025

Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury

Parataxis Holdings, a leading institutional digital asset manager, plans to buy up to $640 million…

August 7, 2025

Crypto Salaries Triple in 2024; Stablecoins Lead Payrolls

The number of crypto professionals paid in digital assets has tripled over the past year,…

August 7, 2025