The Bakkt, which Donald Trump is rumored to buy, is preparing for a 1 Billion Dollar Bitcoin (BTC) move!

The US-based cryptocurrency exchange Bakkt has become one of the latest companies that have not remained indifferent to the increasing institutional adoption of Bitcoin.

Accordingly, Bakkt may purchase Bitcoin (BTC) following the submission of a $1 billion shelf offering.

At this point, Bakkt aims to raise up to $1 billion through various securities issuances that can be used to finance Bitcoin purchases. Indeed, Bakkt has submitted an S-3 form to be able to issue securities in one or more issuances, such that the total issuance will not exceed $1 billion, with the number, price, and conditions specified during the issuance to the SEC.

The process referred to as a shelf registration provides Bakkt with a quick opportunity to issue bonds when suitable conditions arise and to purchase Bitcoin and cryptocurrencies with them.

“…We can acquire Bitcoin or other digital assets using excess cash, future equity or debt financing revenues, or other capital sources*…”*

Bakkt’s move came after it updated its investment policy earlier this month to allow it to purchase BTC and other cryptocurrencies. Bakkt’s board of directors announced that it had approved plans to invest in cryptocurrencies, including Bitcoin.

However, Bakkt has not purchased any Bitcoin or other digital assets so far, nor has it announced any purchases under the updated investment policy.

*It is not investment advice.

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