Bakkt Announces Placement to Raise $75 million to Buy BTC
2025-07-29 11:35:10
Bakkt, a New York Stock Exchange-listed company, has publicly issued Class A common shares and/or pre-funded warrants pricing through an underwriting public offering. The company will issue 746,373 Class A common shares ($10 per share) and 6,753,627 shares for a total proceeds of approximately $75 million. The company plans to use the funds to purchase bitcoin and other digital assets, as well as for Working Funds and general corporate purposes.
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