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Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Reports Second Quarter 2025 Results

Mon, 11 Aug 2025 16:30:00 -0400

- Raised $75 million to strengthen the balance sheet and further Bitcoin Treasury Strategy

- Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (“MHT”, TSE: 8105), to be renamed bitcoin.jp1, initiating Bakkt’s Japan Bitcoin Treasury Strategy

- Significant upgrades to brokerage trading technology stack to be rolled out 2H 2025

- Executed commercial agreement with Distributed Technologies Research Global Ltd. (“DTR”), unlocking stablecoin payment capabilities

- Andy Main to step down as Co-CEO and Director effective today; Akshay Naheta to become Chief Executive Officer

- Completed sale of Bakkt Trust to Intercontinental Exchange (“ICE”)

- Signed definitive agreement to divest Loyalty business; closing expected in Q3

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed

Bakkt Holdings to acquire 30% stake in Tokyo-listed MarushoHotta

Wed, 06 Aug 2025 08:00:38 -0400

Bakkt Holdings Inc. (NYSE: BKKT) announced it entered into a share purchase agreement with RIZAP Group Inc. to acquire approximately 30% of MarushoHotta Co. Ltd. (TSE: 8105), a Tokyo-listed company. The acquisition would make Bakkt the largest shareholder of the Japanese company.

As part of the transaction, Phillip Lord, President of Bakkt International, will become Chief Executive Officer of MarushoHotta. The Japanese company will include investing in bitcoin and other digital assets as part of its treasury strategy.

Bakkt has acquired the web domain www.bitcoin.jp, which will become the new name of MarushoHotta, subject to shareholder approval. The company would be renamed