Bakkt Holdings (BKKT), a major player in the encryption services sector, has announced a strategic step to get about 30 % of Marushhohotta Co. shares. , Ltd. (MHT), a company listed on the Tokyo Stock Exchange.
This tremendous acquisition, which facilitates the share purchase agreement with Metallurgical Rizap Group, Inc. Bakkt jobs as the largest contributor to MHT.
Bitcoin incorporation into the treasury management plans in MHT
like Declare On Wednesday, part of this deal will witness Philippe Lord, President of Bakkt International, the role of the CEO of MHT. Under his leadership, MHT plans to integrate Bitcoin (BTC) and other digital assets in the Treasury Management Strategy.
Moreover, Bakkt got the name of the field www.bitcoin.jpWhich, awaiting the approval of Marushhohotta shareholders, is scheduled to become the new identity of the company.
In a statement, Akshay Nahita, who participated in Bakt, expressed his enthusiasm for the opportunity, referring to the organizational environment in Japan as a favorable scene to develop a business model focusing on bitcoin.
He stressed the intention to cooperate closely with the MHT team to integrate Bitcoin smoothly into its operation The financial frameworkIt aims to create MHT as the Bitcoin Pitcoin Treasury Company:
The organizational environment in Japan creates an ideal platform for bitcoin -focused growth. We look forward to working with the MHT team to integrate Bitcoin into the operating and financial model and establish MHT as a leading company in the Bitcoin.
Bakkt faces setbacks with decrease in stocks
This acquisition is in line with the broader BAKKT strategy to enhance Bitcoin. Recently, the company Declare It plans to raise up to one billion dollars through various securities offers, a step that reflects a growing trend between companies circulating publicly to enhance cryptocurrency reserves.
The proposed offer includes shares of shared A.C. and cars previously funded, where insurance companies are given a 30 -day option to purchase an additional 15 % of sold shares, allowing excessive calcification. However, the timing, size and conditions of the offer are still stopped in market conditions.
Despite these ambitious initiatives, Bakkt faced challenges. In March 2025, the company’s shares, bkktIt saw a 30 % decrease in the aftermath of news that two main agents, including Bank of America, will not renew their financial agreements with Bakkt.
As of the writing of these lines, the BKKT evaluation closed the trading session on Wednesday at 9.77 dollars, an increase of 2.5 % for this day. However, the stock is traded with more than 70 % less than $ 31 this year.
When looking at a longer time frame, BKKT has reached a record level of $ 1,271 in November 2021, which is approximately 100 % gap, highlighting the company’s challenges in recent years.
Distinctive image from Dall-E, Chart from TradingView.com
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