365Crypto
Bakkt wants to go big on Bitcoin—and it’s ready to raise up to $1 billion to do it.
Raising Big to Stack Sats
Bakkt just filed a form with the SEC. It lets them sell securities like stocks, bonds, or units. They can do this multiple times without filing each time again. This could bring in a total of $1 billion.
That money? It might go toward buying Bitcoin. Or into crypto treasury moves. Or just to pay the bills.
New Policy, New Playbook
In June 2025, Bakkt updated its investment rules. Now it can spend its own cash—or borrowed money—on Bitcoin and other digital assets. But they haven’t actually bought any yet.
They say future decisions will depend on market vibes and how much cash they’ve got.
Wait for the Details
We don’t know how much they’ll raise, or when. Each time they sell securities, they’ll publish more info about pricing and how they’ll use the cash.
Bakkt’s Game Plan
Bakkt started in 2018. First, they focused on crypto custody for institutions. Then they tried loyalty rewards. Now they’re back to basics: crypto infrastructure.
Earlier this year, they said they might ditch the loyalty business. The new focus? Powering crypto access and tools for users.
