The cryptocurrency exchange Bakkt has announced its intention to acquire Bitcoin as part of a new investment approach.
Bakkt's Approach to Bitcoin Investments
US-based Bakkt has become one of the latest companies to join the growing number of institutional investors in Bitcoin. The exchange is considering the possibility of purchasing Bitcoin, confirming its interest in the cryptocurrency.
Registration Process and Financing Purchases
Currently, Bakkt plans to raise up to $1 billion through various securities issuances, which can be used to finance the purchase of Bitcoin. The exchange has filed Form S-3 with the SEC to issue securities, with details about the number, price, and terms determined at the time of issuance.
Updated Investment Policy of Bakkt
Recently, Bakkt updated its investment policy, allowing the company to acquire Bitcoin and other cryptocurrencies. The board of directors approved a plan to invest in cryptocurrencies, including Bitcoin, but no transactions for Bitcoin purchases have been reported to date.
Bakkt continues to develop its investment strategies in cryptocurrency, focusing on Bitcoin, which may signal a growing interest among institutional investors in digital assets.
