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Bakkt Plans to Raise $1B for Bitcoin Reserves

Bakkt — the regulated digital asset platform founded by Intercontinental Exchange (ICE), the parent company of the NYSE — has filed to raise $1,000,000,000.

According to an official SEC document, the funds may be used to purchase Bitcoin for the company’s reserves, signaling a major move into BTC accumulation.

As a key player in the institutional crypto space, Bakkt's decision could further legitimize BTC as a strategic reserve asset among traditional financial giants.