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- Bakkt Holdings filed a S-3 with SEC form to increase up to $ 1 billion.
- Companies such as the H100 Group and Digiasia Mirror growing institutional interest in bitcoin reserves.
Bakkt Holdings, a publicly traded platform for crypto and remuneration supported by Intercontinental Exchange, has submitted S-3 form with the US Securities and Exchange Commission.
As a result, the company is aimed at an increase in up to $ 1 billion through the offer of equity and debts.
The proposed increase in capital may include a combination of class A, preferred shares, debt instruments and orders.
Submission of Bakkt Holdings’ S-3
This pivot doesn’t come out of nowhere.
Just two weeks earlier, Bakkt’s Board approved New corporate investment policy – the one that gives it green light to allocate funds Bitcoin [BTC] and top digital assets.
The submission claimed that
“We can get bitcoins or other digital assets using excessive cash, revenue from future capital or debt financing or other capital resources.”
However, this decision will depend on the wider market dynamics, investors’ sentiment and BakKT internal performance.
Police registration allows BakKT to quickly access capital markets, which is a key edge due to its history of loss and viability.
On paper, promising. In the balance sheet? Still shaken!
Despite the strategic vision, the funds are Bakkt fragile.
The recent SEC company emphasizes the challenges they face and openly acknowledge its limited operational history and consistent loss results.
More critically, the submission includes a warning remark indicating “substantial doubts” regarding the ability of BakKT to remain concerns and emphasize the risks bound with its ambitious pivot towards the crypt-green treasury strategy.
The BAKKT Holdings stock price and how bitcoin could help
Despite the concerns in his submission, it seems that the latest strategic shift of Bakkt had a short -term positive impact on its stock, which increased by 3.09% to $ 13.33.
However, if we look at a wider performance, it portrays a mixed picture.
The annual data on BKKT reflects a sharp decline of more than 46%, while last month shows a promising 16.61% of recovery.
However, a six -month view reveals a deeper loss of 51.51%, according to Google Finance data.
These figures suggest that investors are beginning to respond to a developing Bakkt crypt strategy.
If a company can successfully carry out its plans to obtain bitcoins, it can not only strengthen its treasury, but also restore investors’ confidence and stabilize its market performance.
This coincided with Bitcoins trading for $ 106,789.75 after a slight 0.92% immersion in the last 24 hours, according to Coinmarketcap.
However, these volatility did not discourage companies from strengthening their BTC positions.
Other companies adapt to bitcoin
The Swedish Health Company H100 Group AB recently recorded its shares 45% afterwards Notification Increasing capital to support your Bitcoin Treasury Initiative initiative.
Similarly, Digiasia Corp launched the main stock rally revelation Plan Acquisition of Bitcoins of $ 100 million.
Established players as Metaplage and Microstrategy They have already paved the way.
Together, these movements underline the growing institutional appetite for bitcoins and place them as a preferred reserve asset in today’s developing company financial environment.
