According to reports, Bakkt Holdings has submitted an S-3 registration statement totaling $1 billion to the U.S. Securities and Exchange Commission, intending to raise funds in stages through various forms of securities, with specific issuance arrangements depending on market conditions and terms. The proceeds from this fundraising are expected to be used for working capital and general corporate purposes, and a portion of the funds may also be allocated to Bitcoin or other digital assets according to the updated investment policy.
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