You Won’t Believe Bakkt’s $1 Billion Bitcoin Plan—Fortune, Folly, and Crypto Drama Await! 👀💰
The missive to the SEC details Bakkt’s intention to issue everything from common stock and preferred stock to sundry debt instruments and warrants—a veritable ball of securities, where no invitation is withheld, and everyone waits for the next quadrille. This “shelf registration,” as it is so cleverly named, provides Bakkt the liberty to court the market’s favor at their convenience, darting in and out according to the financial weather—how very becoming.