Bakkt submitted a $1 billion shelf registration application to the U.S. SEC, which may use the proceeds to purchase Bitcoin and other digital assets

ChainCatcher news, Bakkt Holdings has submitted a $1 billion shelf registration application to the U.S. Securities and Exchange Commission (SEC). The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, with some funds potentially allocated to Bitcoin or other digital assets according to the updated investment policy.

Note: A shelf registration refers to a mechanism where the issuer registers once and issues multiple times based on the registration system of securities issuance.