According to PANews, Bakkt Holdings has submitted a $1 billion shelf offering application to the U.S. Securities and Exchange Commission (SEC). The funds raised are expected to be used for working capital and general corporate purposes. Additionally, a portion of the proceeds may be allocated to Bitcoin or other digital assets in line with the updated investment policy.
A shelf offering allows a company to register securities once and issue them multiple times over a period, providing flexibility in raising capital.
