Bakkt, a US-listed company, plans to raise $1 billion, part of which may be used to invest in Bitcoin and other digital assets

Odaily News According to documents filed by Bakkt Holdings, a U.S.-listed company, with the SEC, the company may issue securities from time to time in one or more offerings. The issuance quantity, price and terms will be determined at the time of issuance, and the total issue price of the securities sold will not exceed US$1 billion.
The statement said that in June 2025, Bakkt updated its investment policy to enable it to allocate funds to Bitcoin and other digital assets as part of Bakkts broader financial and corporate strategy based on market conditions and expected liquidity needs of the business. Bakkt may use excess funds to purchase Bitcoin or other digital assets.
The statement added that Bakkt also plans to explore more opportunistic financing alternatives, including issuing convertible notes, bonds or other debt instruments to acquire Bitcoin or other digital assets, or make other investments in accordance with Bakkts investment policy. To date, Bakkt has not purchased any Bitcoin or other digital assets in accordance with the updated investment policy. Bakkt cannot guarantee that any such transactions will be conducted. The timing and size of any such transactions will depend on market conditions, capital market acceptance, business performance and other strategic considerations.