Bakkt submits a $1 billion fundraising plan to US SEC, intending to use revenue to purchase cryptocurrencies such as Bitcoin

According to Foresight News, digital asset platform Bakkt Holdings submitted a $1 billion fundraising plan to the U.S. Securities and Exchange Commission (SEC), intending to raise funds through various securities forms. The specific issuance arrangements will depend on market conditions and terms. The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, and some funds may also be allocated to Bitcoin or other digital assets according to the updated investment policy.

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