US-listed company Bakkt plans to raise $1 billion, part of which may be used to invest in Bitcoin and other digital assets.
According to a filing with the SEC by US-listed company Bakkt Holdings, the company may from time to time issue securities in one or more offerings, with the number, price, and terms of the offering to be determined at the time of issuance, and the aggregate offering price of the securities sold not to exceed $1 billion.
The statement said that in June 2025, Bakkt updated its investment policy to enable it to allocate funds to Bitcoin and other digital assets based on market conditions and expected business liquidity needs, as part of Bakkt's broader financial and corporate strategy. Bakkt may use excess funds to purchase Bitcoin or other digital assets.
The statement added that Bakkt also plans to explore additional opportunistic financing alternatives, including the issuance of convertible notes, bonds, or other debt instruments, for the acquisition of Bitcoin or other digital assets, or other investments in accordance with Bakkt's investment policy. To date, Bakkt has not purchased any Bitcoin or other digital assets under its updated investment policy. Bakkt cannot guarantee that any such transactions will occur. The timing and size of any such transaction will depend on market conditions, capital market acceptance, business performance, and other strategic considerations.
Founded in 2018, Bakkt's Cryptocurrency trading platform provides consumers, businesses, and institutions with a simple and intuitive digital experience, with easy access to buy, sell, and store Cryptocurrencies through APIs or embedded web pages.