- Class A common stock, preferred stock, debt securities, warrants, or combined units may be issued by Bakkt.
- Bitcoin purchases, crypto treasury efforts, and other general company functions may be funded using the proceeds.
In order to fund its new Bitcoin and digital asset strategy, Bakkt Holdings has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion. Its investment policy was recently updated in June 2025. In order to allow investments in Bitcoin and other crypto assets, which is why this decision follows suit.
Class A common stock, preferred stock, debt securities, warrants, or combined units may be issued by Bakkt, as stated in the SEC filing. With shelf registration, the business may delay the submission of fresh registration documents for each issue. Thus, allowing for periodic capital raising.
Strategic Planning
By taking this tack, Bakkt may better schedule capital raising in response to changing market circumstances and business requirements. Bitcoin purchases, crypto treasury efforts, and other general company functions may be funded using the proceeds.
Using the new policy in place, Bakkt may buy digital assets using its surplus cash, debt, or proceeds from the sale of securities. According to the filing, the corporation has not yet purchased any Bitcoin or other cryptocurrencies.
A rising number of businesses are incorporating cryptocurrency into their treasury strategies. And Bakkt’s approach is in line with this trend. If Bakkt were to use full $1 billion to purchase Bitcoin, it would get around 9,364 BTC at the current price of $106,800.
If this deal goes through, Bakkt would join the ranks of the top 10 publicly traded corporations holding Bitcoin. Surpassing Coinbase, which now has 9,267 in reserve. So, if Bakkt goes ahead and uses its whole allocation, it will join the ranks of the biggest institutional Bitcoin holdings, like Marathon Digital and Strategy.
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