Crypto Exchange Bakkt Files for $1B Shelf Offering, Plans to Buy Bitcoin — TradingView News
Crypto marketplace Bakkt has filed for a $1 billion shelf registration with the SEC to raise capital, potentially to fund Bitcoin acquisitions under its updated treasury strategy.
The shelf offering could include sales of Bakkt’s Class A common stock, preferred stock, bonds, warrants, and debt securities. This strategy allows for flexible capital raising, without the need for a separate registration every time.
Per the, filed on Thursday, the proceeds are expected to be used for general corporate purposes. Under the, a portion of it could be allocated to Bitcoin and other digital assets.
“We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources, subject…
