U.S. Stock Market Listed Company Bakkt Plans to Raise $1 Billion, Partially for Bitcoin and Other Digital Asset Investments

BlockBeats News, June 27th, according to a filing with the SEC by Bakkt Holdings, the parent company of the US-listed company Bakkt, the company may from time to time 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, and the aggregate offering price of the securities sold not to exceed $1 billion.

The filing stated that in June 2025, Bakkt updated its investment policy to allow it to allocate funds to Bitcoin and other digital assets based on market conditions and expected 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 filing also stated that Bakkt plans to explore additional opportunistic financing alternatives, including the issuance of convertible notes, bonds, or other debt instruments, for the purpose of acquiring Bitcoin or other digital assets or making other investments consistent with Bakkt's investment policy. To date, Bakkt has not made any purchases of Bitcoin or other digital assets under the updated investment policy. Bakkt cannot guarantee that it will engage in any such transactions. The timing and scale of any such transactions will depend on market conditions, capital market receptivity, business performance, and other strategic considerations.

Founded in 2018, Bakkt operates a cryptocurrency trading platform that offers a simple and intuitive digital experience to consumers, businesses, and institutions, allowing easy buying, selling, and storing of cryptocurrency through API or embedded web access.