Bakkt’s Bold Play: Raising Capital to Buy Bitcoin – Is This the Crypto Move That Could Shake Wall Street?
Digital asset platform Bakkt Holdings announced on Monday that it will launch a public offering of shares and pre-funded warrants aimed at raising capital for Bitcoin investments.
The NYSE-listed crypto company will give underwriters a 30-day option to purchase up to an additional 15% of offered shares to cover potential over-allotments, as noted in the announcement.
Clear Street LLC and Cohen & Company Capital Markets will serve as joint book-running managers for the offering. The offering’s completion depends on market conditions, with no guarantees regarding timing, size, or terms.
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