Bakkt: The board of directors has officially approved an updated investment strategy that will allocate some of the funds to investing in bitcoin

Bakkt, a crypto trading and custody company listed on the New York Stock Exchange, announced that its board of directors has formally approved an updated corporate investment strategy that allows a portion of the funds to be allocated for investing in bitcoin and other leading cryptocurrencies. Bakkt said it will adopt a prudent strategy to strengthen its capital structure while maintaining rigorous risk management, while leveraging the management team's experience in their respective capital markets to actively evaluate global jurisdictions to deploy these strategies.