Bakkt announced the deal in January, which was originally for 9.3 million shares, along with a corporate name change to Bakkt Inc.

Tokenized US Treasurys were one of the biggest growth areas of the RWA market, rising from a market capitalization of $3.9 billion at the start of 2025 to more than $15 billion.

The latest stablecoin move comes years after Meta first dipped its toes into stablecoins through Libra in 2019, before scrapping the plans in 2022 due to regulatory pushback.

In another police action, European police arrested 10 people and took down three scam centers, estimated to have stolen over $58 million from victims around the world.

The apparent hacker claimed to have breached other prediction markets and planned to release the data in the next few days.

While Bitcoin exchange-traded funds and whale buying have contributed to the recent Bitcoin rally, the key driver has been consistent buying by Michael Saylor's treasury firm, Strategy, according to Bitwise's chief investment officer.