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Bakkt's issuance of shares and warrants raises $75 million to purchase Bitcoin
On July 29, according to reports, the US-listed company Bakkt Holdings (BKKT) announced the issuance of Class A common stock and pre-paid warrants to purchase up to 746,373 shares of Class A common stock, with a total fundraising amount expected to be approximately 75 million USD. Bakkt intends to use the net proceeds from this offering to purchase Bitcoin and other digital assets in accordance with its investment policy, for working capital, and for general corporate purposes.