Bakkt Eyes Crypto Purchases with Potential $1 Billion Raise
Bakkt made this move despite financial uncertainty and a sharp year-to-date decline in its stock price. In the UK, The Smarter Web Company raised £41.2 million just days after buying nearly 200 BTC, growing its holdings to over 543 Bitcoin. Meanwhile, Genius Group plans to use some of the proceeds from two billion-dollar lawsuits to buy up to 5,000 BTC and pay shareholder dividends. Overall, it is clear that several companies are making strategic moves into Bitcoin as part of their corporate treasury strategies.
Bakkt Could Enter Bitcoin Market
Bakkt Holdings Inc., the crypto-focused subsidiary of Intercontinental Exchange, made a bold financial move by filing a Form S-3 with the US Securities and Exchange Commission (SEC). The filing…
