Bakkt’s $1B Fundraising Plan Could Accelerate Institutional Bitcoin Adoption

Bakkt Holdings has laid the groundwork for a major capital raise, filing for a $1 billion shelf offering that may include Bitcoin purchases.

The SEC filing—which covers common stock, debt, and other securities—comes weeks after Bakkt updated its investment policy to embrace digital assets.

While the company hasn’t yet bought Bitcoin, the move signals growing institutional interest in crypto treasury strategies. For Bakkt, a subsidiary of ICE (NYSE’s parent), the offering could provide crucial funding amid financial headwinds—and set a precedent for corporate crypto adoption.

“We may deploy capital into Bitcoin,” the filing noted, leaving the door open for a landmark corporate crypto allocation.