Bakkt, a listed company, plans to raise $75 million through a rights offering to purchase Bitcoin and other digital assets.

Odaily Planet Daily reported that Bakkt, a New York Stock Exchange-listed company, has publicly priced its Class A common stock and/or pre-funded warrants through an underwritten public offering. The company will issue 746,373 shares of Class A common stock at $10 per share and 6,753,627 shares of stock, raising approximately $75 million in gross proceeds. The company plans to use the funds to purchase Bitcoin and other digital assets, as well as for working capital and general corporate purposes. (Businesswire)