Bakkt files to issue $1 billion worth of securities in move that could potentially lead to crypto treasury
Crypto infrastructure company Bakkt is looking to raise $1 billion from investors in a bid to add digital assets to its corporate assets, becoming the latest company to make moves towards creating a crypto treasury.
Bakkt, which trades on the New York Stock Exchange under the ticker BKKT, filed a form with the SEC on Thursday to issue up to $1 billion worth of securities, including common stock and preferred stock, in a Securities and Exchange Commission (SEC) filing on Thursday. Bakkt did not explicitly say that the $1 billion will be used to buy crypto, but the filing noted that the company has recently updated its investment policy to allow for the acquisition of Bitcoin and other cryptocurrencies as part of its treasury…
