Key dealers
- Bakkt submitted a shelf registration to collect up to $ 1 billion for its bitcoin and digital asset strategy.
- Funds can be used for bitcoin acquisitions, crypto -state funds and business purposes.
Bakkt Holdings on Thursday submitted a shelf registration With Sec to potentially raise up to $ 1 billion through securities sales, such as the digital asset platform eyes Bitcoin and digital asset acquisition.
The move would make it possible Bakkt To issue various securities, including Class A stem, preferred shares, debt, warrants or units in several offers. The company can issue these securities on a rolling basis without submitting new registrations for each offer.
The submission follows Bakkt’s update of company investment policy companies that allow the company to buy bitcoin and other digital assets with excess cash, financing income or debt issue.
While Bakkt has not made any crypto purchases yet, the company indicated that it would consider digital asset allocations based on liquidity needs and market conditions.
Specific conditions for future offers, including amounts, pricing and use of revenue, will be described in separate prospectus supplements when securities are sold. The funds can support crypto -state funds, general corporate costs or potential acquisitions.
The company, which was founded in 2018, initially focused on crypto custody and institutional asset before moving to loyalty solutions and digital rewards. In March 2025, Bakkt announced that the evaluated strategic alternatives for its loyalty activities to focus more on cryptoinfrastructure and access to assets.
