Wu said it learned that Bakkt Holdings filed a total of $1 billion in S-3 registration statements with the U.S. Securities and Exchange Commission, intending to raise funds in installments through various forms of securities, and the specific issuance arrangements will depend on market conditions and terms. The proceeds from the fundraising are expected to be used for working capital and general corporate purposes, and some of the funds may also be allocated to Bitcoin or other digital assets in accordance with the updated investment policy.
Show original
21.34K
2
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.