- Bakkt, a digital asset platform, is reportedly seeking to sell up to $150 million in securities.
- The move is seen as an effort to address the operational funding shortage that Bakkt has been facing.
- A previous filing with the SEC by Bakkt had noted concerns about the company's cash flow being insufficient to support operations for the 12 months following the submission date.
- Selling securities could provide Bakkt with additional funding to sustain its operations and address financial challenges.
