I’m seeing a lot more stories of companies raising stupid amounts of money to get into the Bitcoin game. There’s gonna be a point when too many companies are after too few coins. Supply shock will be epic.
coinfeeds-bot on
tldr; Bakkt Holdings has filed with the SEC to raise up to $1 billion through stock or debt issuance to support its Bitcoin and crypto strategy. The funds may be used for Bitcoin purchases, crypto treasury plans, or other corporate needs. This move could position Bakkt among the top public firms holding Bitcoin. Co-CEO Akshay Naheta stated the goal is to transform Bakkt into a ‚pure-play crypto infrastructure company.‘ Originally focused on Bitcoin futures, Bakkt is now expanding its role in the digital asset space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
typoerrpr on
interesting, bakkt is partly owned by ICE which also owns a bunch of exchanges including _the_ NYSE. this might be the first TradFi-linked company to “do the saylor”
A1JX52rentner on
why? cause FIAT is bakkt by nothing
uncapchad on
well well there’s a name I’ve not seen in a while. It was speculated that Bakkt was the cause of a BTC crash back in the day, 2019 I think it was. As I recall they tried to launch BTC futures. I think I also read that earlier this year they lost their banking partners
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I’m seeing a lot more stories of companies raising stupid amounts of money to get into the Bitcoin game. There’s gonna be a point when too many companies are after too few coins. Supply shock will be epic.
tldr; Bakkt Holdings has filed with the SEC to raise up to $1 billion through stock or debt issuance to support its Bitcoin and crypto strategy. The funds may be used for Bitcoin purchases, crypto treasury plans, or other corporate needs. This move could position Bakkt among the top public firms holding Bitcoin. Co-CEO Akshay Naheta stated the goal is to transform Bakkt into a ‚pure-play crypto infrastructure company.‘ Originally focused on Bitcoin futures, Bakkt is now expanding its role in the digital asset space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
interesting, bakkt is partly owned by ICE which also owns a bunch of exchanges including _the_ NYSE. this might be the first TradFi-linked company to “do the saylor”
why? cause FIAT is bakkt by nothing
well well there’s a name I’ve not seen in a while. It was speculated that Bakkt was the cause of a BTC crash back in the day, 2019 I think it was. As I recall they tried to launch BTC futures. I think I also read that earlier this year they lost their banking partners