Bakkt Seeks $1 Billion to Fuel Crypto Expansion – Eyes Global Growth

Bakkt, a company specializing in crypto custody and digital payments, has unveiled an ambitious plan: it aims to raise up to $1 billion through a mix of stock and bond offerings to support its newly announced Bitcoin strategy and transform itself into a key player in crypto infrastructure. 📄 According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 26, Bakkt intends to offer a flexible combination of financial instruments — from common Class A shares to preferred stock, warrants, and bonds. While the company has already adjusted its investment policy to allow exposure to digital assets, it currently holds no cryptocurrencies on its balance sheet.

🔁 A Fresh Investment Approach: Bitcoin in Sight Thanks to its registration with the SEC, Bakkt can now sell various securities depending on market conditions. However, the total value of the offerings will not exceed $1 billion. This move comes shortly after Bakkt revised its internal investment strategy, allowing for direct investments in Bitcoin and other digital assets as part of its long-term development plan. Company leadership says the new approach positions Bakkt to play a critical role in the global shift toward programmable finance.

🌍 From Loyalty to Blockchain Infrastructure Originally backed by Intercontinental Exchange (ICE), the parent company of the NYSE, Bakkt first made its name by launching physically settled Bitcoin futures. It later tried to disrupt loyalty rewards with tokenized points — a path that ultimately didn’t catch on. In 2021, Bakkt went public and has since undergone major strategic shifts. 🧭 Now, according to CEO Akshay Naheta, Bakkt is fully pivoting toward digital asset infrastructure, with plans to expand globally. The new strategy includes not only Bitcoin investments but also entry into global payment and remittance systems powered by stablecoins.

📣 Leadership Speaks: A Strong Belief in Crypto’s Future “Our updated investment policy reflects our confidence in the long-term potential of digital assets,” said Andy Main, President and CEO of Bakkt. He emphasized that the company is actively seeking strategic opportunities that will deliver greater value to shareholders while maintaining flexibility in the fast-changing crypto space. There are also rumors swirling around a possible deal with Truth Social, the platform associated with Donald Trump. In November, reports suggested they were in “advanced discussions” about an acquisition.

Bakkt is clearly moving in a new direction: from a rewards and custody platform to a leader in the digital asset economy. With a $1 billion capital raise in motion and a bold new strategy, the company is well-positioned to become a major player in the next wave of Web3 and blockchain innovation. 🚀

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