PANews reported on June 11 that according to Businesswire, digital asset platform Bakkt Holdings (BKKT) announced that its board of directors formally approved the update of the company's investment policy. According to this policy, the company can allocate funds to Bitcoin and other digital assets as a broader fund management and corporate strategic initiative. In the future, Bakkt may use excess cash, proceeds from future equity or debt financing, and other sources of funds to acquire Bitcoin or other digital assets. However, as of the release of this press release, the company has not purchased any related assets under the revised policy. Bakkt stated that the timing and scale of any such transactions will depend on market conditions, capital market acceptance, its own business performance, and other strategic considerations.