Bakkt may have acquired RCG for $19 million
ICE's Q1 financial filings point towards Bitcoin ($BTC) futures platform and ICE subsidiary Bakkt purchasing Rosenthal Collins Group (RCG) for $19 million. The platform purchased RCG's team and backend in February. The undisclosed but assumed $19 million figure points to large cash burns for Bakkt, possibly signaling future fundraising needs.
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