In the middle of a sea of new cryptographic treasury companies that appear, Bakkt and Bitbridge are in the news today, after both provided updates on their Bitcoin Treasury strategies.
Bakkt (BKKT), the technology company that was all in Crypto, He has signed an agreement to acquire almost a third of the Japanese commercial company Marush Hotta (8105), in a movement that could indicate a broader international strategy of Bitcoin (BTC) for the US digital asset platform based in the US.
According to the agreement with Rizap Group Inc., Bakkt will acquire approximately 30% of the company that mentioned Tokyo, positioning itself as the largest shareholder of Marusho Hotta.
The approval of the pending shareholders, Marusho Hotto will be renamed Bitcoin.jp, aligning his brand with his new Bitcoin -centered address, the company said. Bakkt has also secured the Bitcoin.jp domain as part of the agreement.
In a strategic leadership change, Phillip Lord, president of Bakkt International, will assume the position of CEO of Marush Hotto.
Meanwhile, the Bitcoin Bitbridge Capital Strategies Treasury firm has completed its merger with Green Mountain Merger Inc., the company said in a press release yesterday.
The company will begin to quote under the symbol of Ticker BTTL in the free sales markets (OTC) at the end of the third quarter, with plans to ascend to Nasdaq thereafter.
Read more: Bakkt sells businesses and loyalty pivots to Crypto Pure-Play, offers actions
