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The US-listed company Bakkt announced plans to raise approximately 75 million USD through an IPO for investment in Bitcoin and other digital assets.
On July 29, according to Businesswire, the publicly listed company Bakkt Holdings (BKKT) announced the issuance of Class A common stock and prepaid warrants to purchase up to 746,373 shares of Class A common stock, with total fundraising expected to be approximately 75 million USD. Bakkt intends to use the net proceeds from this offering to purchase Bitcoin and other digital assets according to its investment policy, for working capital, and to meet general corporate purposes.