BKKT Mergers

Bakkt Holdings to Acquire Shares of Japanese Company Marusho Hotta; Company to be Renamed bitcoin.jp; Transaction Expected to Kick Off Bakkt’s Multinational Bitcoin Treasury Strategy

Published August 06, 2025 at 12:00 PM

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) announced that it has entered into a share purchase agreement with RIZAP Group, Inc. to acquire approximately 30% of the outstanding shares of MarushoHotta Co., Ltd. (“MHT”), a Tokyo-listed company (TSE: 8105). The acquisition would make Bakkt the largest shareholder of MHT. As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MHT, and MHT

Related Questions

What immediate price movement can be expected for Marusho Hotta (MHT) following the announcement? How does the valuation of the share purchase compare to recent MHT market valuations and to similar crypto‑related deals? Will the renaming to “bitcoin.jp” and the integration of MHT’s assets create new revenue streams or affect existing business models? What regulatory or cross‑border considerations could delay or complicate the closing of the transaction? How does this acquisition position Bakkt relative to its major competitors in the crypto‑financing space? What are the key risks and upside scenarios for Bakkt’s multinational Bitcoin treasury strategy tied to this transaction? How will Bakkt’s acquisition of a ~30% stake in Marusho Hotta affect Bak1’s (BKKT) stock price? What are the expected synergies or cost‑savings from linking Bakkt’s treasury with MHT’s operations? How might this transaction affect the overall exposure of BKKT’s investors to Bitcoin and other digital assets? What is the projected timeline for the transaction’s completion and subsequent strategic rollout? Is there any anticipated dilution or change in voting control for existing BKKT shareholders post‑acquisition? Will the acquisition trigger any changes in analyst coverage or target price revisions for BKKT or MHT? Will the appointment of Phillip Lord as CEO introduce new strategic initiatives that could move MHT’s share price? How will the deal impact Bakkt’s earnings guidance and cash‑flow outlook for the coming quarters? How might the deal impact the liquidity and volatility of both BKKT and MHT shares in the short term?