Bakkt acquires 30% stake in Japan's MHT...Strategic investment in Bitcoin (BTC)

Source
JH Kim

Summary

  • Bakkt Holdings announced that it has signed an agreement to acquire approximately 30% of Japan's MHT shares.
  • As a result of the deal, Bakkt has become MHT's largest shareholder, and MHT announced plans to change its name to 'bitcoin.jp' and include Bitcoin (BTC) as a strategic investment asset.
  • As of the 7th, BTC is trading at $115,238.50 on the Binance Tether (USDT) market, up 1.68% from the previous day.

According to The Block, a digital asset (cryptocurrency) media outlet, on the 6th (local time), Bakkt Holdings, which is listed on the New York Stock Exchange, has signed a stock purchase agreement to acquire approximately 30% of Japan's Marusho Hotta (MHT). With this transaction, Bakkt becomes MHT's largest shareholder.

MHT plans to change its company name to 'bitcoin.jp' and include Bitcoin (BTC) as a strategic investment asset.

Meanwhile, as of 02:24 on the 7th, BTC is trading at $115,238.50 on the Binance Tether (USDT) market, up 1.68% from the previous day.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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