Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

New York Stock Exchange-listed firm Bakkt announced on January 12 that it has acquired Distributed Technologies Research (DTR), a stablecoin payment infrastructure provider. The transaction is subject to customary closing conditions, including receipt of relevant regulatory approvals and approval from Bakkt’s shareholders. Additionally, Bakkt plans to rebrand to “Bakkt, Inc.” starting January 22, 2026, with its stock ticker remaining unchanged.

On January 12, LookOnChain monitoring reports that BlackRock has deposited 3,743 Bitcoins (valued at $339.45 million) and 7,204 Ethereum (valued at $22.42 million) into Coinbase Prime over the past 40 minutes.

January 12 (Reuters) — Cryptocurrency custody firm BitGo said in a regulatory filing Monday it plans to raise up to $201 million in a U.S. initial public offering. The California-based company and some existing shareholders will sell 11.8 million shares at a price range of $15 to $17 per share, per the filing. Founded in 2013, BitGo is among the largest cryptocurrency custodians in the U.S. Its role in storing and securing digital assets has grown more critical as institutional interest in crypto assets rises. Goldman Sachs and Citigroup are acting as lead underwriters for the offering. BitGo intends to list on the New York Stock Exchange under the ticker symbol "BTGO."

On January 12, Coindesk reported that VelaFi—a stablecoin financial infrastructure provider—has closed a $20 million Series B funding round led by XVC and Ikuyo. Global investors including Alibaba Investment, Planetree, and BAI Capital also participated, pushing the company’s total funding to over $40 million. Founded in 2020, VelaFi initially built payment infrastructure in Latin America and has since expanded to the U.S. and Asian markets. Its platform integrates local banking channels, cross-border payment networks, and major stablecoin protocols, enabling businesses to transfer funds across markets faster and cheaper than traditional systems. The company offers fiat-to-crypto onramps/offramps, payment solutions, cross-border payments, multi-currency accounts, foreign exchange tools, and asset management services, with access available directly via its platform or through API integrations.

On January 12, market sources reported that Strategy purchased 13,627 Bitcoins between January 5 and 11, spending a total of $1.25 billion.

January 12 – Per Onchain Lens monitoring, BlackRock has deposited 3,143 Bitcoin (valued at $285M) and 7,204 Ethereum (valued at $22.42M) to Coinbase just 15 minutes ago.