Bakkt Files $1 Billion Shelf Registration for Crypto Investments
Bakkt Holdings Inc., a digital asset marketplace, has filed for a $1 billion shelf registration with the U.S. Securities and Exchange Commission. This move allows the company to raise capital through various securities, including common stock, preferred shares, debt instruments, and warrants, with a total potential issuance of $1 billion. The shelf registration provides Bakkt with the flexibility to access funding rapidly depending on market conditions, with proceeds from future securities offerings potentially used to acquire Bitcoin or other cryptocurrencies.
Bakkt’s updated investment policy, revised in June, now includes Bitcoin and other digital assets as part of its treasury strategy. The company has not yet made any digital…
