PANews reported on July 29 that according to Businesswire, Bakkt Holdings, Inc. (NYSE: BKKT) announced that it will issue 6,753,627 shares of Class A common stock and prepaid warrants to purchase up to 746,373 shares of Class A common stock, with an estimated total fundraising of approximately US$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, for working capital, and for general corporate purposes.