Bakkt’s Bold Play: Raising Capital to Buy Bitcoin – Is This the Crypto Move That Could Shake Wall Street?
In addition to Bitcoin, Bakkt plans to allocate funds toward other digital assets and corporate initiatives, though it has yet to reveal which tokens it might pick up.
The announcement comes after Bakkt filed a shelf registration with the SEC to raise up to $1 billion through securities sales to support its Bitcoin and digital asset acquisitions. The offering could include Class A common stock, preferred stock, debt securities, warrants, or units, introduced in multiple offerings without the need for new registrations each time.
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