Bakkt Files $1B Shelf Registration, Eyes Bitcoin Treasury

Bakkt Files $1B Shelf Registration, Eyes Bitcoin Treasury
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Bakkt Holdings has filed a $1 billion shelf registration with the SEC, signaling potential Bitcoin purchases for its corporate treasury. The move aligns with its updated investment policy and broader crypto ambitions.

  • Bakkt's $1B shelf registration allows flexible fundraising via stocks, debt, or warrants.
  • The firm may allocate treasury funds to Bitcoin, pending market and strategic factors.
  • Filing acknowledges operational challenges but aligns with broader crypto IPO trends.
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