Key takeout
- Bakkt has submitted shelving registrations to raise up to $1 billion for its Bitcoin and digital asset strategy.
- The funds may be used for Bitcoin acquisitions, Cryptocurrency initiatives, and corporate purposes.
Submitted by Bakkt Holdings on Thursday Shelf registration The SEC could potentially raise up to $1 billion through securities sales as it is a acquisition of Bitcoin and digital assets in the eyes of digital asset platforms.
This movement is effective bakkt Issuing a class A common stock, preferred stock, debt securities, warrants, or a variety of securities, including units in multiple services. We may issue these securities on a rolling basis without submitting new registrations to each service.
This filing follows Bakkt's June 2025 Corporate Investment Policy update, allowing companies to purchase Bitcoin and other digital assets using excessive cash, funding or debt issuance.
Although Bakkt has not yet encrypted it, the company has indicated that it will consider allocation of digital assets based on liquidity needs and market conditions.
Certain terms of future provision, including amounts, pricing and use of revenue, will be detailed in separate prospectus supplements at the time of sale of the securities. The funds can support the Cryptocurrency initiative, general corporate expenses, or potential acquisitions.
Founded in 2018, the company initially focused on crypto custody and institutional access before moving towards loyalty solutions and digital compensation. In March 2025, Bakkt announced that it would evaluate strategic alternatives to loyalty businesses to bring a greater focus on realizing crypto infrastructure and assets.
