Bakkt Seeks $1 Billion for Ambitious Bitcoin Strategy

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Bakkt Holdings, a prominent crypto custody and loyalty rewards firm, has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion through a shelf offering. This strategic move aims to bolster its “Bitcoin strategy” and facilitate potential investments in Bitcoin and other digital assets, signaling a significant pivot towards becoming a pure-play crypto infrastructure company.

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