Bakkt Holdings plans to utilize proceeds from the sale of 6.75 million shares to acquire Bitcoin and support operational needs, reflecting its focus on digital assets.
Bakkt Holdings, Inc. has announced a stock offering of 6,753,627 shares and warrants for an additional 746,373 shares, aiming to raise approximately $75 million. The net proceeds will be allocated for purchasing Bitcoin and other digital assets, along with working capital and general corporate purposes.