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Crypto Marketplace Bakkt asked for a SEC registration of $ 1 billion to increase capital and potentially to finance the acquisitions of bitcoins within the updated cash register strategy.
The shelf’s offer could include the sale of ordinary shares of class A, preferred shares, bonds, orders and debt securities. This strategy allows flexible increase in capital without the need to register each time.
On Registration S-3Filed on Thursday, the proceeds are expected to be used for general corporate purposes. Under Newly updated investment policyIt could be assigned to bitcoins and other digital assets.
“We can get bitcoins or other digital assets using excessive cash, revenues from future capital or debt financing or other capital resources, subject to the restrictions on our investment policy,” he read.
According to SEC, the company has not yet carried out any Bitcoins.
In addition, Bakkt intends to explore other alternatives to financing, including the release of convertible notes, bonds, to buy Bitcoins.
Bakkt’s Latest Crypto Treasury
Bakkt on June 10 announced that he would assign part of his cash register to Bitcoins and other “top” cryptocurrencies. This is in line with his view of crypto as a warehouse with a long -term potential of evaluation.
The company, founded in 2018, also actively evaluates global jurisdictions to deploy these strategies.
In addition, the timing and size of Bitcoin purchases will depend on market conditions, capital market perception and business performance.
“This initiative is designed to support BakKT transformation into Cryp-Play Crypto Infrastructure Company and allow us to strategically add bitcoins and other digital assets to our cash register,” said Akshay Naheta, Co-Greneral director of Bakkt.
Bakkt warns regulatory uncertainty, crypt rules develop
The submission stated the publication of risks, warning of the uncertainty of regulatory, potential security classification of crypto and banking disruption of access.
Bakkt admitted that he had “limited operational history and the history of operating losses”.
Last year the company said it was concerned about its operational viability In 2025, due to insufficient cash reserves.
Bakkt alerts supported by ice on possible closure quotes a monetary crisis@BakktThe cryptocurrency platform supported by Intercontinental Exchange (ICE) has issued a warning about its financial health.#Cryptonews #newshttps://t.co/xgljcxab9f
– Cryptonews.com (@cryptonews) 8 February 2024
Specifically, the submission also warned against future operations, “identified the conditions and events that raised considerable doubts about our ability to continue working”.
In March 2025 the company Stocks refuled 27%After two main clients, Bank of America and Webull, they withdrew their ties with Bakkt.
After the announcement of the Police offer on Thursday, the company’s shares rose over 3% and are now traded for $ 13.33, according to Google Finance.
Contribution Crypto Exchange Bakkt files for an offer 1b $, plans to buy bitcoins He appeared for the first time Cryptonews.
