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Bakkt Files for $1B Fundraising Plan to Enable Bitcoin Holdings
Bakkt Holdings, a digital asset platform best known for its crypto custody and trading services, has taken a significant step toward adopting Bitcoin as part of its corporate treasury. The firm filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) on June 26, 2025, seeking to raise up to $1 billion. This capital would be raised through a mix of securities offerings, including Class A common stock, preferred shares, debt securities, and warrants. The filing follows a recent update to Bakkt’s corporate investment policy, which now permits the allocation of capital into digital ... (full story)