Bakkt stock plummets 40% after announcing pricing of $75 million public offering to buy bitcoin

The company plans to use the offering proceeds for general corporate purposes, including the acquisition of bitcoin and other digital assets. source: https://www.theblock.co/post/364599/bakkt-stock-plummets-after-announcing-pricing-of-75-million-public-offering-to-buy-bitcoin?utm_source=rss&utm_medium=rss