According to Businesswire, digital asset platform Bakkt Holdings (BKKT) announced that its board of directors has officially approved an update to the company's investment policy. According to this policy, companies can allocate funds to Bitcoin and other digital assets as part of broader fund management and strategic initiatives. In the future, Bakkt may use excess cash, future equity or debt financing proceeds, and other sources of funding to acquire Bitcoin or other digital assets. However, as of the release of this press release, the company has not purchased any related assets in accordance with the revised policy. Bakkt stated that the timing and scale of any such transaction will depend on market conditions, capital market acceptance, its own business performance, and other strategic considerations.
