Bakkt Plans $1 Billion Capital Raise: Eyes Bitcoin Purchase

27 June, 2025, 11:29 AM

Bakkt (BKKT), the cryptocurrency trading and custody platform, is reportedly planning a significant $1 billion capital raise through a shelf offering. This move has sparked interest in the crypto community, with many speculating the funds will be used to bolster their Bitcoin holdings. According to sources, Bakkt's board of directors has already approved a cryptocurrency investment strategy, explicitly including Bitcoin (BTC). This planned capital injection suggests a strong commitment to expanding their digital asset portfolio. This potential BTC purchase could further legitimize Bitcoin as an investment asset and signal increased institutional adoption. The market will be watching closely to see how Bakkt deploys this substantial capital. ```