According to Wu, Bakkt Holdings submitted a total of $1 billion S-3 registration statement to the SEC, intending to raise funds in phases through various forms of securities, with specific issuance arrangements depending on market conditions and terms. The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, and a portion of the funds may also be allocated to Bitcoin or other digital assets according to updated investment policies.
BTC-0.15%