Bakkt Holdings Inc. (NYSE: BKKT) announced on July 28 the pricing of its underwritten public offering, revealing plans to raise approximately $75 million through the sale of 6,753,627 shares of Class A common stock and 746,373 pre-funded warrants. Shares were priced at $10.00, while the warrants were offered at $9.9999, which reflects the $0.0001 per share exercise price. The offering is expected to close on or around July 30, 2025, subject to standard conditions.

“The gross proceeds from the offering, before deducting underwriter discounts and commissions and other estimated offering expenses, are expected to be approximately $75 million,” the company confirmed, adding:

Bakkt intends to use the net proceeds from the offering to purchase bitcoin and other digital assets in accordance with its investment policy, for working capital and for general corporate purposes.

Conducted under a shelf registration statement declared effective by the U.S. Securities and Exchange Commission (SEC) on July 3, 2025, the offering is being managed by Clear Street LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC. Bakkt also granted underwriters a 30-day option to purchase up to an additional 1,125,000 shares and/or prefunded warrants.

Bakkt is a publicly traded firm on the New York Stock Exchange but remains approximately 55% owned by Intercontinental Exchange (ICE), the parent company of the NYSE. While investors can trade Bakkt shares on the open market, ICE retains a controlling interest, providing continued oversight and strategic alignment. Bakkt, founded in 2018, has focused on institutional-grade solutions for digital asset engagement.

Its board formally approved an updated corporate investment policy on June 10, enabling treasury allocations into bitcoin and other digital assets. Co-CEO Akshay Naheta stated:

This initiative is intended to support Bakkt’s transformation into a pure-play crypto infrastructure company and to enable us to strategically add bitcoin and other digital assets to our treasury.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。