Bakkt’s Bold Play: Raising Capital to Buy Bitcoin – Is This the Crypto Move That Could Shake Wall Street?
Last month, Bakkt submitted a shelf registration to the SEC to raise up to $1 billion for its Bitcoin strategy.
Key Takeaways
- Bakkt plans to raise funds through a public offering of stock and pre-funded warrants.
- Proceeds will be used to purchase Bitcoin and other digital assets, as well as for general corporate purposes.
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