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Bakkt: The board has officially approved the update of the investment strategy, allocating part of the funds for investment in Bitcoin.
Bakkt, a crypto trading and custody company listed on the New York Stock Exchange, announced that its board of directors has officially approved the updated company’s investment strategy, allowing a portion of the funds to be allocated to invest in Bitcoin and other leading cryptocurrencies. Bakkt said it will employ prudent strategies to strengthen its capital structure while maintaining rigorous risk management, while leveraging the management team’s experience in their respective capital markets to aggressively assess global jurisdictions to deploy these strategies.