HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinBakkt's $150M Securities Offering Gets Green Light to Resolve Cash Flow Challenges

Bakkt’s $150M Securities Offering Gets Green Light to Resolve Cash Flow Challenges

The crypto custody and trading platform has received approval for a $150 million shelf offering shortly after announcing its ability to sustain operations as a “going concern.” This means that the platform has been given the green light to offer $150 million worth of securities to potential investors. The approval comes just a week after the platform’s declaration, which stated that it has the necessary resources and strategies in place to continue its operations without any significant concerns. This development showcases the platform’s resilience and ability to attract potential investors despite the challenges faced by the crypto industry.

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