- Bakkt’s updated SEC filing allows flexible securities offerings to raise up to $1 billion for potential Bitcoin and crypto investments.
- If fully deployed at $107,320 per BTC, Bakkt’s $1B could acquire approximately 9,318 Bitcoin, signaling major digital asset intent.
- Securities will be issued through public channels or agents, with terms and pricing detailed in future prospectus supplements per SEC guidelines.
Bakkt Holdings Inc. has submitted an updated investment policy with the U.S. Securities and Exchange Commission, allowing for up to $1 billion in securities offerings aimed at potentially acquiring Bitcoin and other digital assets.
SEC Filing Opens Path for Bitcoin Purchases
Bakkt’s filing outlines the ability to issue securities totaling no more than $1 billion. The proceeds may be directed toward investments in Bitcoin, in line with Bakkt’s updated digital asset strategy announced in June 2025. The company stated that securities could be sold to the public, through agents, underwriters, or dealers, with all relevant terms detailed in future supplements to the prospectus.
The SEC filing noted: “We may issue securities from time to time in one or more offerings, in amounts, at prices and on terms determined at the time of offering.” This provides Bakkt with the flexibility to raise capital incrementally, depending on market conditions and investor demand.
Bakkt’s securities—Class A Common Stock and public warrants—are traded on the New York Stock Exchange under the symbols “BKKT” and “BKKT WS”.
Bitcoin Purchase Potential Reaches 9,318 BTC
Based on the Bitcoin price of $107,320 as of writing, Bakkt could acquire approximately 9,318 BTC if it fully deploys the $1 billion. While the company has not confirmed exact purchase plans, the investment policy now allows for direct exposure to Bitcoin and digital assets.
The change signals an expanded role for Bakkt within the crypto ecosystem. The firm’s updated prospectus states that each offering will include specific pricing and distribution details. These supplements will also identify any agents or dealers involved and disclose compensation arrangements.
Offering Structure and Market Approach
The securities may be issued in different forms, with the offering structure varying as outlined in future supplements. Bakkt emphasized that each offering will present updated terms and disclosures in compliance with regulatory standards.
The prospectus confirms that the combined value of the securities sold under this initiative will not exceed $1 billion. The company also retained the right to amend or update the information through further filings.
Each supplement will also address whether the issued securities will be listed on any exchange, maintaining transparency with potential investors.
