Bakkt’s $1B Fundraising Plan Could Accelerate Institutional Bitcoin Adoption
Bakkt Holdings has laid the groundwork for a major capital raise, filing for a $1 billion shelf offering that may include Bitcoin purchases.
Bakkt Holdings has laid the groundwork for a major capital raise, filing for a $1 billion shelf offering that may include Bitcoin purchases.
MicroStrategy added just 245 BTC ($26M) last week as Bitcoin prices tumbled on geopolitical fears—marking its smallest purchase since March.
Bitcoin’s much-hyped “evolution” appears to have stalled, with network activity crashing to 18-month lows and remaining 50% below last year’s peaks.
Arizona’s Senate voted Thursday to revive HB 2324, a bill allowing the state to manage forfeited Bitcoin and other digital assets.
Metaplanet’s shares soared over 17% after the Japanese investment firm revealed it had acquired an additional 1,112 BTC.
MicroStrategy Executive Chairman Michael Saylor hinted at another major Bitcoin acquisition.
The Bitcoin blockchain is experiencing its lowest transaction volume since October 2023, with the seven-day moving average dropping to approximately 317,000 transactions.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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