Bakkt is considering raising $1 billion through a variety of financial instruments like stocks and bonds with the option to buy Bitcoin or other digital assets.
The company's recent registration filing allows for flexibility in tapping into capital markets to fund operations and potentially acquire cryptocurrencies.
Bakkt has updated its investment policy to include crypto exposure, signaling a long-term goal of integrating digital assets into its corporate treasury.
Despite some financial uncertainties and dependence on a departing client, Bakkt's potential crypto investments have generated cautious optimism in the market.