Bakkt Files to Raise 1 Billion for Bitcoin Investment

Bakkt Holdings has filed with the United States Securities and Exchange Commission (SEC) to raise up to 1 billion dollars as part of its ambitious strategy to invest in Bitcoin and other digital assets. This move follows Bakkt's June 2025 update, which allows the company to directly invest in Bitcoin and other crypto assets.

The SEC filing indicates that Bakkt may issue various types of securities, including common stock, preferred stock, debt securities, or warrants. This "shelf registration" provides Bakkt with the flexibility to raise funds in phases, depending on market conditions. The funds raised can be used for purchasing Bitcoin, implementing crypto treasury plans, or addressing other corporate needs. Although Bakkt has not yet made any Bitcoin purchases, this filing opens the door for significant involvement in the crypto market.

At the current Bitcoin price of $106,800, a full $1 billion investment would secure Bakkt approximately 9,364 BTC. This would position the company among the top 10 public firms holding Bitcoin, alongside major players like Strategy, Marathon Digital, and Tesla. Bakkt Co-CEO Akshay Naheta stated that the plan aims to transform Bakkt into a "pure-play crypto infrastructure company."

Launched in 2018 by Intercontinental Exchange, Bakkt initially focused on Bitcoin futures. With a public listing and broader crypto offerings such as custody and rewards, the company is now pivoting towards becoming a major digital asset player. This strategic shift could signal a strong vote of confidence in Bitcoin from another institutional heavyweight, further solidifying Bakkt's position in the cryptocurrency market.