Bakkt files to record the SEC rack amid the increasing interest in encryption
Bakkt, which has publicly traded Crypto Bakkt, plans to raise a billion dollars in shares and debts to support the Bitcoin Strategy.
This is according to Submission filesD to the US Securities and Stock Exchange Committee on Thursday, June 26.
The shelf offers can consist of shared shares of Bakkt from the Class A, favorite shares, orders and debt papers. The transformation will be the latest strategic change of a baking. However, according to SEC fileThe company has not yet done any purchases for encryption.
Bakkt files to record the SEC rack amid the increasing interest in encryption
Bakkt submitted a file to SEC through the “shelf” recording process. With this shelf registration, the company can sometimes sell any mixture of securities mentioned in the release bulletin in one or more width.
The file stated that Bakkt may sell securities from time to time through one or more offer, with the amounts, prices and conditions that are decided at the time of each offer.
This bulletin clarified the basic conditions for these securities and how the company will provide them. According to the deposit, the total price for the sale of securities will not exceed one billion dollars.
SEC also asked the company to include the price they will pay for these securities and the amount of money they expect to achieve from the sale.
This came after Bakkt said it had “updated” the investment policy to allocate capital specifically in Bitcoin and other digital assets as part of the treasury and companies strategy on June 10.
Bakkt was founded in 2018, which is the emerging Crypto Treasury company that allows investors to make a bet on digital assets such as Bitcoin, ETH and Sol by financing digital asset purchases in traditional capital markets.
Earlier, the Atlanta -based company, which started with the support of the NYSE Incontinental Exchange, has started the institution of the Future Bitcoin Future Future Trading platform that was physically stable before trying to code of rewards and coding custody. This product failed to gain traction. The public company went in 2021.
Meanwhile, the first chief executive of Beckon, Kelly Lovler, resigned in 2019 to shortly work as a Republican Casinor in the United States in Georgia under his first administration.
Moreover, President Donald Trump’s social media company was said to have in “advanced talks” to get Bakkt last November.
Bakkt officials highlight the company’s focus on encryption
After announcing that Bakkt “updated” Akshay Nahata, Co-COO OF Bakkt, this plan aims to help Bakkt change a company that focuses only on encrypted infrastructure and allows them to add Bitcoin and other digital assets to its president carefully.
According to Nahata speculation, their strategy shows their strong belief in the future of digital assets and their goal of growth worldwide and becomes a leader in programmed funds.
Andy Maine, Co-CEO and President Bakkt, commented on the topic of discussion.
According to him, their updated investment policy shows its confidence in the capabilities of digital assets in the long run and dedication to the search for strategic opportunities that increase the value of shareholders.
Maine said this is an important step for the company because it looks forward to expanding global payment systems and transfers using Stablecoins while being part of the continuous development of the ecosystem of digital assets.
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