💰 Bakkt Plans to Raise $1 Billion for Bitcoin Strategy

📌 Key Highlights:

Bakkt Holdings has filed to raise up to $1B via various financial instruments:

📄 Class A Stock

📊 Preferred Shares

💸 Debt Securities

🧾 Warrants / Units

The shelf registration lets them raise money in phases, depending on market conditions.

₿ Bitcoin Acquisition Potential:

If Bakkt uses the full $1B to buy Bitcoin at $106,800, it could acquire ~9,364 BTC.

That would place Bakkt in the Top 10 public BTC holders, ahead of Coinbase (9,267 BTC).

Bakkt could soon rival giants like:

🥇 MicroStrategy (592,345 BTC)

🥈 Marathon Digital (49,678 BTC)

🥉 XXII Corp (37,230 BTC)

🧠 Bakkt’s New Vision:

> “This initiative supports our transformation into a pure-play crypto infrastructure company.”

— Co-CEO Akshay Naheta

Bakkt’s updated policy allows it to:

Use cash, debt, or raised capital to buy crypto

Build a strong treasury of digital assets.

Expand into core crypto infrastructure.

🏗️ Bakkt’s Journey So Far:

Launched in 2018, backed by Intercontinental Exchange (ICE)

First offered physically settled BTC futures

Later expanded into custody + loyalty rewards

Went public via SPAC merger in 2021.

🚀 Why It Matters:

Bakkt joins the institutional Bitcoin movement

Reflects the trend of public companies adding BTC to treasuries

Strategic shift could help them compete with leaders like Tesla, Galaxy Digital, and Riot..

📊 Top Public BTC Holders Snapshot:

Company BTC Holdings

MicroStrategy 592,345

Marathon Digital 49,678

XXII Corp 37,230

Riot Platforms 19,225

Galaxy Digital 12,830

Tesla (Elon Musk) 10,725 (est.)

Bakkt (future) 9,364 (if fully allocated).