Bakkt Holdings filed Type S-3 with the US Securities and Change Fee on 26 June 2025 to lift as much as $1 billion for its bold new Bitcoin technique.
Initially launched in 2018 by Intercontinental Change as a pioneer in Bitcoin futures, Bakkt is about to remodel right into a “pure-play crypto infrastructure firm,” in keeping with Bakkt Co-CEO Akshay Naheta.
“In June 2025 we up to date our funding coverage to allow us to allocate capital into Bitcoin and different digital belongings as a part of our broader treasury and company technique, topic to market situations and the anticipated liquidity wants of the enterprise,” the corporate acknowledged within the submitting. “We could purchase Bitcoin or different digital belongings utilizing extra.”
On the present Bitcoin worth of $106,800, a $1 billion funding would enable Bakkt to amass roughly 9,364 Bitcoin. This is able to place Bakkt simply forward of Coinbase by way of public firms holding BTC.
Bakkt will now be part of the ranks of notable institutional holders akin to Technique, Marathon Digital, and Tesla.
JUST IN: Bakkt (BKKT), a publicly listed firm, plans to lift $1B to put money into #Bitcoin and different digital belongings.BTC just isn’t coming down anytime sooner
pic.twitter.com/Vsv3QheOld
— TLC (@Cryptex_academy) June 27, 2025
Discover: High 20 Crypto to Purchase in June 2025
“Shelf registration” Permits Bakkt Most Flexibility To Capitalize On Bitcoin and Crypto Alternatives
Beneath the phrases of the SEC’s “shelf registration,” Bakkt is authorised to concern widespread inventory, most well-liked inventory, debt securities or warrants, giving it most flexibility to lift funds in phases as market situations dictate. This strategy will allow Bakkt to capitalize on alternatives within the crypto market with out being compelled to lift the complete $1 billion suddenly.
Therefore, Bakkt’s contemporary funds can be utilized for a wide range of functions, together with direct Bitcoin purchases, crypto treasury plans, or different company wants. Whereas Bakkt has not but made any BTC purchases but, the submitting clearly units the stage for the corporate to grow to be a serious institutional holder of Bitcoin and different digital belongings.
Discover: 9+ Finest Excessive-Threat, Excessive-Reward Crypto to Purchase in June 2025
Key Takeaways
If Bakkt totally realizes its $1 billion fundraising plan and acquires a big Bitcoin place, it may have ripple results all through the market.
Such a considerable funding by a publicly traded firm is greater than only a monetary maneuver—it’s a sturdy vote of confidence in Bitcoin’s long-term worth and utility.
The publish Bakkt’s Bitcoin Technique: Firm Recordsdata With SEC To Increase $1 Billion appeared first on 99Bitcoins.
