Bakkt updates investment policy and announces $1 billion securities offering plan to bring digital assets such as Bitcoin into the company's treasury
06-26 23:14

Odaily News According to documents released by Bitcoin Magzine, Bakkt, a listed company focusing on the digital asset field, has updated its investment policy and announced a $1 billion securities issuance plan to bring digital assets into the company's treasury. The screenshot of the document shows that to support this new strategy and provide financial flexibility for potential digital asset acquisitions, Bakkt has submitted a hybrid securities issuance plan of up to $1 billion. The plan covers a variety of securities types such as Class A common stock, preferred stock, debt securities, warrants and units. The company stated that in the future, it may use the proceeds of the issuance, excess cash or existing capital sources to acquire digital assets, but it must comply with the restrictions in the investment policy. In addition, Bakkt also plans to explore other opportunistic financing options, including the issuance of convertible notes, bonds or other debt instruments for the purchase of digital assets or other purposes consistent with its investment policy.

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