<ul data-eligibleForWebStory="true"><li>Bakkt, a crypto trading venue owned by Intercontinental Exchange, seeks SEC approval to raise up to $1 billion for a Bitcoin acquisition strategy.</li><li>The company plans to offer different securities such as common stock, preferred stock, warrants, and debt securities to fund its Bitcoin strategy.</li><li>Bakkt's updated investment policy allows the acquisition of Bitcoin and other digital assets using various funding sources.</li><li>This move aligns with a trend seen among public companies, including Tesla, holding Bitcoin as an alternate asset on their balance sheets.</li></ul>

Crypto Exchange Bakkt Seeks SEC Approval To Raise $1 Billion For Potential Bitcoin Treasury Play

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