Bakkt updates investment policy to include bitcoin

Bakkt (BKKT) announced that its board of directors has formally approved an updated corporate investment policy, enabling the company to allocate capital into Bitcoin and other digital assets as part of its broader treasury and corporate strategy. The company’s updated investment policy is built on three strategic pillars. Bakkt will allocate a portion of its treasury to Bitcoin and other top-tier cryptocurrencies, aligning with its conviction in digital assets as a store of value with long-term appreciation potential. Bakkt will continue to utilize prudent strategies to enhance the company’s capital structure while maintaining disciplined risk management. The company is actively evaluating global jurisdictions to deploy these strategies, leveraging the management team’s experience in respective capital markets.