The cryptocurrency platform Bakkt has announced its intention to raise up to $1 billion through the sale of shares and debt securities. The funds raised will be invested in Bitcoin and digital assets, creating its own Bitcoin treasury in line with a new corporate reserve management strategy.
This is reported by Business • Media
Bakkt’s Development Strategy and Implementation of New Investments
According to official documents submitted to the U.S. Securities and Exchange Commission, Bakkt intends to issue various types of securities, including Class A common stock, preferred stock, warrants, and bonds. All funds raised will be used to purchase Bitcoins and other digital assets to strengthen market positions and implement an updated corporate treasury policy.
“This initiative aims to transform Bakkt into a full-fledged crypto infrastructure company and will allow us to strategically add Bitcoin and other digital assets to our corporate reserve,” commented Bakkt’s co-CEO Akshay Naheta.
Company History and Future Plans
Bakkt was founded in 2018 with the support of the Intercontinental Exchange, operator of the New York Stock Exchange. Initially, the company launched a trading platform for physically settled Bitcoin futures, but this product did not gain significant popularity.
Subsequently, Bakkt focused on developing services for the storage of digital assets, tokenized loyalty points, and custodial solutions. In 2021, the company went public, expanding its range of services.
On June 10, 2025, Bakkt announced an updated investment policy that includes the use of digital assets in its treasury management strategy. The company’s co-leadership emphasizes that a multi-tiered approach will allow Bakkt to become a leader in programmable money and facilitate international expansion.
Earlier, in November 2024, it was reported that the social network Truth Social, linked to U.S. President Donald Trump, was in “advanced negotiations” regarding a potential acquisition of Bakkt.