Bakkt Holdings (BKKT) has entered into a share purchase agreement with RIZAP Group, Inc. to acquire approximately 30% of the outstanding shares of MarushoHotta Co., a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of MarushoHotta Co.
Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta Co., and MarushoHotta will include investing in Bitcoin and other digital assets as part of its treasury. Bakkt has acquired the Web domain bitcoin.jp, which will become the new name of MHT.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.