In the midst of a sea of new crypto -state companies are emerging, hilly and bitbridge are in the news today after they both delivered updates about their Bitcoin Treasury strategies.
Baked (Bkkt), the technology company that went all on the crypto, has signed an agreement to acquire nearly a third of Japanese trading company Marusho Hotta (8105), in one step that could signal a wider international Bitcoin (BTC) strategy for the US-based digital asset platform, the company said in a press release on Wednesday.
According to the agreement with Rizap Group Inc. WILL BAKT AMAKING approx. 30% of the Tokyo-listed company that places itself as Marusho Hotta’s largest shareholder.
In pending shareholder approval, Marusho Hotta will be renamed Bitcoin.jp and adjust his brand with his new Bitcoin-centric direction, the company says. Baked has also secured the domain Bitcoin.jp as part of the agreement.
In a strategic change of leadership, Phillip Lord, President of Baked International, takes over as CEO of Marusho Hotta.
Meanwhile, Bitcoin Treasury -Company Bitbridge Capital Strategies has completed its merger with Green Mountain Fusion Inc., the company said in a press release yesterday.
The company will start shopping during the Ticker Symbol BTTL in the Markets Over-The-Counter (OTC) at the end of the third quarter, with plans to transfer Nasdaq thereafter.
Read more: Baked selling loyalty business and turning to Pure-Play Crypto, offers stocks
