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Bakkt is looking to sell $150 million in securities to ease working capital shortfall

Bakkt is looking to sell $150 million in securities to ease working capital shortfall

CointimeCointime2024/02/09 02:56
By:Cointime

According to CoinDesk, a spokesperson for digital asset platform Bakkt stated that Bakkt is seeking to sell up to $150 million in securities, which may alleviate its operational funding issues.It is reported that Bakkt previously stated in a filing with the US SEC that its cash and restricted cash would be difficult to support its operations for the 12 months following the filing date.

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