Bakkt, a US listed company, plans to raise $1 billion, some of which may be used to invest in Bitcoin and other digital assets

BlockBeats News: On June 27th, according to documents filed with the SEC by Bakkt Holdings, a US listed company, the company may issue securities in one or more issuances from time to time, with the quantity, price, and terms determined at the time of issuance, and the total issue price of the securities sold not exceeding $1 billion. The statement stated that in June 2025, Bakkt updated its investment policy to enable it to allocate funds to Bitcoin and other digital assets based on market conditions and expected liquidity needs of its business, as part of Bakkt's broader financial and corporate strategy. Bakkt may use surplus funds to purchase Bitcoin or other digital assets. Life Supplement stated that Bakkt also plans to explore more opportunistic financing alternatives, including issuing convertible notes, bonds, or other debt instruments for the acquisition of Bitcoin or other digital assets, or making other investments in accordance with Bakkt's investment policies. So far, Bakkt has not purchased any Bitcoin or other digital assets in accordance with the updated investment policy. Bakkt cannot guarantee that any such transactions will definitely take place. The timing and scale of any such transaction will depend on market conditions, capital market acceptance, business performance, and other strategic considerations. Bakkt was founded in 2018, and its cryptocurrency trading platform provides consumers, businesses, and institutions with a simple and intuitive digital experience, allowing them to easily buy, sell, and store cryptocurrencies through APIs or embedded web pages.