Bakkt (BKKT) announced that it has entered into a share purchase agreement with Rizap Group to acquire approximately 30% of the outstanding shares of MarushoHotta, a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of MHT. As part of the transaction, Phillip Lord, president of Bakkt International, will become CEO of MHT, and MHT will include investing in Bitcoin and other digital assets as part of its treasury. In connection with the transaction, Bakkt has acquired the Web domain www.bitcoin.jp, which, subject to the approval of MHT’s shareholders, will become the new name of MHT.
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