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Bakkt Files to Raise $1 Billion for Bitcoin and Crypto Treasury Push

  • On June 26, 2025, Bakkt Holdings Inc. filed a Form S-3 shelf registration with the SEC to raise up to $1 billion in securities, including common and preferred stock.
  • Earlier this month, Bakkt revised its investment policy to permit deploying funds into Bitcoin and other digital assets as part of its overall approach to managing treasury resources.
  • The filing noted Bakkt has not yet purchased digital assets but may use proceeds from future offerings, excess cash, or debt financing to acquire cryptocurrencies subject to investment limits.
  • Bakkt shares rose 3% to $13.33 on Thursday despite being down 46% year-to-date, after losing large clients Bank of America and Webull in March.
  • This capital raise and shift toward crypto treasury management position Bakkt amid growing institutional interest in digital assets, though risks and timing depend on market and business conditions.
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Bitcoin Ethereum News broke the news in on Friday, June 27, 2025.
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