Bakkt to acquire a 30% stake in MarushoHotta from RIZAP Group for JPY1.7bn.

Bakkt, a crypto derivatives provider, agreed to acquire a 30% stake in MarushoHotta, a financial services company, from RIZAP Group, a wellness and fitness company, for JPY1.7bn. "Japan's regulatory environment creates an ideal platform for a Bitcoin-centered growth business. We look forward to working with MHT's team to integrate Bitcoin into their operating and financial model and to establish MHT as a leading Bitcoin treasury company," Akshay Naheta, Bakkt Co-CEO.