🏦 Bakkt will raise $1 billion to create a bitcoin reserve
Bakkt, a public company, has joined the global trend of creating reserves in $BTC , according to documents filed with the SEC.
The management of the company, established in 2018, plans to raise $1 billion through the sale of shares, warrants, and debt securities for the subsequent purchase of digital gold.
On June 10, Bakkt announced a change in its investment policy, which now provides for investments in bitcoin and other digital assets as part of its “broader corporate and treasury strategy.” According to the documents submitted to the Commission, no acquisitions have been made so far.
