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Bakkt’s Bold $75M Bitcoin Bet: Stock Sale Fuels Crypto Expansion
Bakkt’s Bold $75M Bitcoin Bet: Stock Sale Fuels Crypto Expansion
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Wall Street meets crypto—again. Bakkt just greenlit a $75 million stock dump to double down on Bitcoin and carve a bigger slice of the digital asset pie. Because nothing screams 'bull market' like leveraging traditional finance to buy the dip.
Why? The institutional custody play isn’t dead—it’s just getting expensive. With regulators breathing down necks and ETFs hoovering up BTC, Bakkt’s move smells like a Hail Mary for relevance. Or, as cynics might call it: 'Another SPAC-turned-crypto hopeful cashing in before the music stops.'
One thing’s clear: When legacy players start selling shares to stack sats, the game’s changed. Again.
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