Bakkt Holdings files $1B shelf offering that could fuel Bitcoin buys
Bakkt has filed for a $1 billion shelf registration after the firm updated its investment policy earlier this month to allow it to buy Bitcoin and other cryptocurrencies.
Crypto software firm Bakkt Holdings Inc. is looking to raise up to $1 billion through various types of securities offerings, which could be used to fund Bitcoin purchases.
The company, a subsidiary of The Intercontinental Exchange, which owns the New York Stock Exchange, filed a Form S-3 with the US Securities and Exchange Commission on Thursday, revealing its intentions to offer common stock and securities.
The firm said it could issue up to $1 billion of any combination of Class A common stock, preferred stock, debt securities, warrants, or combinations of these assets.
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