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    Home»Bitcoin»Bakkt Drops $235M to Rebrand Japan’s MHT as bitcoin.jp—Goes All-In on Asia’s Crypto Wave ‣ BlockNews
    Bakkt Drops 5M to Rebrand Japan’s MHT as bitcoin.jp—Goes All-In on Asia’s Crypto Wave ‣ BlockNews
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    Bakkt Drops $235M to Rebrand Japan’s MHT as bitcoin.jp—Goes All-In on Asia’s Crypto Wave ‣ BlockNews

    By Crypto EditorAugust 7, 2025Updated:August 7, 2025No Comments3 Mins Read
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    • Bakkt acquired a 30% stake in Japan’s MarushoHotta for $235M and plans to rebrand it as bitcoin.jp.
    • The transfer shifts MHT from conventional manufacturing to a Bitcoin treasury mannequin, with Bakkt’s Phillip Lord stepping in as CEO.
    • This positions Bakkt on the heart of Japan’s rising company Bitcoin motion, backed by a latest $75M elevate.

    Bakkt’s not sitting nonetheless. The digital asset agency simply pulled the set off on a $235 million deal to scoop up a 30% stake in Japan’s MarushoHotta Co., Ltd.—they usually’re not stopping there. The plan? Rebrand the entire thing to bitcoin.jp. Yeah, that’s the precise new title. With this transfer, Bakkt’s betting huge on Japan’s rising urge for food for Bitcoin treasury methods—and the market appears into it. The inventory jumped 2.31%, recovering robust after an early dip, touchdown at $9.75.

    This isn’t only a minor JV. It’s a full-on transformation play. Bakkt’s reshaping the core of MHT—from conventional manufacturing to full-on digital asset treasury administration. A brand new title, a brand new CEO, an entire new objective. They’re not taking part in round.

    From Manufacturing to Digital Treasury—Bakkt Takes Management

    Right here’s the way it’s taking place: Bakkt’s shelling out ¥1.68B (~$235.2M USD) to purchase 16.86M shares of MHT, making them the most important shareholder. They signed the take care of RIZAP Group, and it’s being funded through Bakkt Opco Holdings, LLC. A part of the shake-up consists of placing Phillip Lord, Bakkt Worldwide’s president, in cost as MHT’s new CEO. That’s a giant signal they’re not simply investing—they’re steering the entire ship.

    Assuming shareholder approval goes by means of, MHT will formally rebrand to bitcoin.jp, a reputation Bakkt already secured the area for. It’s greater than only a title—it’s a sign. The brand new entity will begin holding BTC and different digital property instantly on the steadiness sheet. Identical to that, a legacy agency turns into a part of Japan’s rising Bitcoin treasury class.

    Japan’s Bitcoin Increase Retains Gaining Traction

    Japan’s crypto scene isn’t small—it’s heating up quick. Public firms like Metaplanet, NEXON, and Anap Holdings are already stacking BTC (some with holdings as excessive as 17,595 BTC). MarushoHotta (soon-to-be bitcoin.jp) joins that wave, giving it a recent edge and an entire new enterprise mannequin. For Bakkt, this isn’t only a geographic enlargement—it’s a front-row seat to considered one of Asia’s most pro-crypto markets.

    To assist energy this pivot, Bakkt not too long ago wrapped a $75M public providing. That money goes towards extra acquisitions and scaling its crypto-first technique. Their purpose? Personal the digital finance layer, each within the U.S. and overseas. And this Japan deal? It’s a transparent marker of how far they’re prepared to go to make that imaginative and prescient actual.



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