Bakkt, a firm focused on crypto custody and loyalty rewards, plans to raise $1 billion to bolster its investment strategy in Bitcoin and other digital assets.
Bakkt's Funding Plans
Bakkt has filed with the U.S. Securities and Exchange Commission (SEC) to raise $1 billion through the sale of common stock and debt securities. This registration will allow the company to sell various types of securities depending on market conditions and needs.
Updated Investment Policy
On June 10, Bakkt announced its updated investment policy, which allocates capital to invest in Bitcoin and other digital assets. Company representative Akshay Naheta stated that this decision would aid Bakkt in focusing on crypto infrastructure and reflects confidence in the future of digital assets.
Bakkt's Future in Crypto Infrastructure
Bakkt's co-CEO, Andy Main, emphasized that the new investment policy represents the company's confidence in the long-term potential of digital assets. According to him, the strategy is aimed at expanding into global payment systems and using stablecoins, positioning Bakkt as a leader in the evolving digital asset ecosystem.
In light of the growing interest in cryptocurrencies, Bakkt is taking significant steps to redefine its strategy, directing investments toward developing products related to Bitcoin and other digital assets.
