U.S. publicly traded company Bakkt has announced its intention to conduct an initial public offering to raise approximately $75 million for investing in Bitcoin and other digital assets

BlockBeats News, July 29th, according to Businesswire, U.S. publicly traded company Bakkt Holdings (BKKT) announced that it will issue Class A common stock as well as prepaid warrants to purchase up to 746,373 shares of Class A common stock, with a total fundraising amount estimated at approximately $75 million. Bakkt intends to use the net proceeds from this offering to purchase Bitcoin and other digital assets in accordance with its investment policy, use as working capital, and for general corporate purposes.