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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Bakkt raises $1 billion for Bitcoin

Bakkt raises $1 billion for Bitcoin in strategic crypto infrastructure shift

https://icn.live/wp-content/uploads/2025/06/Bakkt-raises-1-billion-for-Bitcoin.mp3
  • by ICN.live
Rami Al-Saadi

Bakkt raises $1 billion for Bitcoin in a bold move to boost its digital asset portfolio.

The company filed a prospectus with the SEC to offer a mix of equity and debt instruments. This includes Class A common stock, preferred stock, warrants, and debt securities. Bakkt plans to use the capital for Bitcoin purchases and digital asset investments.

The updated investment policy, announced on June 10, marked a shift in Bakkt’s corporate treasury strategy. According to co-CEO Akshay Naheta, the plan reflects the company’s belief in Bitcoin’s future. He emphasized Bakkt’s vision to lead in programmable money and crypto infrastructure.

Founded in 2018 with backing from the NYSE’s parent company, Bakkt has pivoted several times. It started with Bitcoin futures trading, then moved into tokenized rewards and crypto custody. Each step aimed to align with emerging trends in the digital asset ecosystem.

Bakkt bets big on Bitcoin with $1 billion funding move

This new strategy positions Bakkt alongside other crypto treasury firms. These companies offer traditional investors exposure to Bitcoin through corporate asset allocation. Bakkt has not yet bought any crypto, but the SEC filing shows the intention is serious. The company sees Bitcoin as more than a hedge — it’s a foundation for growth.

The move could attract institutional interest. Investors might view Bakkt as a leveraged entry into Bitcoin markets. With the capital raise, the firm can quickly build a sizable crypto portfolio. This sets Bakkt apart from competitors still hesitant to engage deeply in digital assets.

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Bakkt raises $1 billion for Bitcoin to transform its treasury strategy

Bakkt’s earlier initiatives had mixed results. Its physically-settled Bitcoin futures failed to gain traction. The loyalty rewards program and custody services expanded their footprint but didn’t establish dominance. Now, by betting on Bitcoin for its balance sheet, Bakkt aims to realign with market demand.

Interestingly, Bakkt also caught headlines last year when Truth Social, Trump’s media company, reportedly showed acquisition interest. This adds a twist to Bakkt’s evolving narrative in the crypto space.

The company’s aggressive new stance reflects a maturing approach. Bakkt aims to become a pure-play crypto infrastructure firm with global aspirations. If successful, the $1 billion raise could mark a turning point.

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Why is Bakkt raising $1 billion for Bitcoin?

Bakkt is raising up to $1 billion through equity and debt offerings to fund a bold shift in its treasury strategy. The move allows the company to acquire Bitcoin and other digital assets as part of its broader crypto infrastructure focus. Co-CEO Akshay Naheta described the initiative as a vote of confidence in the future of digital assets and a key step in positioning Bakkt as a leader in programmable money. This marks a significant evolution in how the company views crypto, transitioning from services like futures and custody to direct digital asset investment.

Has Bakkt already purchased any Bitcoin?

As of the latest SEC filing, Bakkt has not yet purchased any Bitcoin or other cryptocurrencies. However, the newly announced investment policy enables such purchases. This sets the stage for Bakkt to begin building a crypto treasury as part of its capital strategy. The company plans to allocate newly raised funds toward Bitcoin acquisitions and potentially other digital assets, solidifying its position as a crypto-native company with global infrastructure ambitions.

How does this move fit into Bakkt’s history?

Bakkt has undergone several strategic pivots since its 2018 launch. Initially supported by Intercontinental Exchange (NYSE’s parent company), Bakkt started with Bitcoin futures trading, later adding tokenized loyalty rewards and crypto custody. The company went public in 2021. Despite some early setbacks, this new $1 billion raise to buy Bitcoin is part of a broader transformation into a dedicated crypto infrastructure firm. It aligns with Bakkt’s long-term vision of integrating programmable money into mainstream finance.

What makes Bakkt different from other crypto companies?

Bakkt stands out because it blends traditional finance mechanisms with digital asset ambitions. By using familiar capital market tools like stock and debt issuance to fund crypto purchases, it offers traditional investors indirect exposure to Bitcoin. Additionally, Bakkt’s goal of becoming a pure-play crypto infrastructure provider puts it on a path toward greater institutional relevance. Its backing by legacy financial institutions and recent focus on treasury transformation position it uniquely in the evolving crypto landscape.

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