Bakkt Seeks $1B Fundraising Flexibility Amid Bitcoin Treasury Plans

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Bakkt Holdings has taken a step toward bolstering its balance sheet, filing a shelf registration for up to $1 billion in securities offerings—potentially paving the way for Bitcoin purchases.

The SEC filing on Thursday enables the ICE-backed firm to issue various securities, including stock and debt, as needed.

Notably, Bakkt revised its investment policy this month to permit digital asset allocations, though it has yet to act. “We may acquire Bitcoin using excess cash or financing proceeds,” the company disclosed.

The shelf offering provides Bakkt with quick access to capital, a critical advantage given its financial challenges and volatile crypto markets.