Bakkt Prepares $1B War Chest, Opens Door to Bitcoin Holdings
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Bakkt Holdings is positioning itself for strategic financial moves, filing a $1 billion shelf offering that could fund Bitcoin acquisitions. The SEC submission allows the company to issue a mix of equity, debt, or hybrid securities at its discretion.
The filing follows Bakkt’s updated investment policy, which now includes digital assets in its treasury strategy.
While the firm hasn’t yet bought Bitcoin, it hinted at using cash reserves or fundraising proceeds for future purchases.
For Bakkt—which has faced profitability struggles—the shelf registration offers a lifeline to capitalize on market opportunities swiftly.
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