PANews reported on June 11 that 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. Under this policy, the company can allocate funds to Bitcoin and other digital assets as part of a broader fund management and corporate strategy initiative. In the future, Bakkt may use excess cash, proceeds from future equity or debt financing, and other funding sources to acquire Bitcoin or other digital assets. However, as of the release of this press release, the company has not yet purchased any related assets under the revised policy. Bakkt stated that the timing and scale of any such transactions will depend on market conditions, capital market acceptance, its own business performance, and other strategic considerations.
