Bakkt Aims to Raise $1 Billion for Bitcoin Investments

Bakkt Holdings, the parent company of the U.S. stock market listed company Bakkt, has announced plans to raise up to $1 billion through the issuance of securities. According to a filing with the Securities and Exchange Commission (SEC), the company may offer securities in one or more offerings, with the number, price, and terms of the offerings to be determined at the time of the offering. The aggregate offering price of the securities sold will not exceed $1 billion.

In June 2025, Bakkt updated its investment policy to allow for the allocation of funds to Bitcoin and other digital assets based on market conditions and expected liquidity needs. This update is part of Bakkt's broader financial and corporate strategy. The company may use excess funds to purchase Bitcoin or other digital assets, although no such purchases have been made to date under the updated investment policy. Bakkt cannot guarantee that it will engage in any such transactions, and the timing and scale of any such transactions will depend on market conditions, capital market receptivity, business performance, and other strategic considerations.

Bakkt plans to explore additional opportunistic financing alternatives, including the issuance of convertible notes, bonds, or other debt instruments. These financing options will be used for the purpose of acquiring Bitcoin or other digital assets or making other investments consistent with Bakkt's investment policy. The company's decision to explore these financing alternatives underscores its commitment to expanding its digital asset holdings and leveraging its financial resources to drive growth and innovation in the cryptocurrency market.

Founded in 2018, Bakkt operates a cryptocurrency trading platform that offers a simple and intuitive digital experience to consumers, businesses, and institutions. The platform allows for easy buying, selling, and storing of cryptocurrency through API or embedded web access. Bakkt's focus on providing a seamless and user-friendly experience has positioned it as a leader in the cryptocurrency trading industry, and its plans to raise $1 billion and invest in digital assets are expected to further solidify its position in the market.