CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Daily 2025-06-27 13:53:31

Bakkt Files $1Bn Shelf Offering, Considers Bitcoin for Treasury Reserves

Bakkt Holdings has filed for a $1 billion shelf offering with the SEC, indicating plans to acquire Bitcoin as part of its expanded treasury strategy. Bakkt Moves Toward Direct Bitcoin Investment Publicly traded digital asset platform Bakkt Holdings has filed a $1 billion shelf registration with the United States Securities and Exchange Commission (SEC), marking a pivotal step in its strategic pivot toward cryptocurrency treasury allocations. The filing, submitted on June 26, 2025, grants Bakkt the authority to sell a range of securities, including Class A common stock, preferred stock, debt instruments, and warrants in one or more future offerings. This development follows a policy revision earlier this month, enabling Bakkt to invest directly in Bitcoin and other digital assets. While the company has not disclosed any purchases yet, the filing confirms it could use proceeds from this shelf offering to fund crypto acquisitions. In its prospectus, the company stated, “We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources.” Strategic Pivot and Business Headwinds A subsidiary of Intercontinental Exchange, the parent of the New York Stock Exchange, Bakkt has navigated a challenging year. In March 2025, the company announced it was losing major clients, Bank of America and Webull, triggering a 30% decline in its share price. Further complicating matters, Bakkt disclosed in the filing that its loyalty services segment faces possible divestiture as it sharpens its focus on crypto infrastructure offerings. Bakkt’s revised investment policy is part of a broader repositioning. Co-CEO Akshay Naheta described the plan as a move to “transform Bakkt into a pure-play crypto infrastructure company.” The strategy also includes partnerships, such as a March agreement with Distributed Technologies Research Global Ltd. to enhance crypto payment-processing capabilities. Regulatory Risks and Market Positioning The SEC filing outlines extensive risk factors, with regulatory uncertainty remaining a significant concern. Bakkt warned that evolving legal frameworks, potential classification of digital assets as securities, and disruptions to banking services could materially affect operations. The company also flagged cybersecurity threats and operational complexities in integrating new digital assets. If Bakkt proceeds with a Bitcoin allocation, it would join an expanding list of public firms adding crypto to their balance sheets. At Bitcoin’s current price of $106,800, a full $1 billion investment would secure approximately 9,364 BTC, positioning Bakkt just ahead of Coinbase on the list of top publicly traded Bitcoin holders. Following news of the shelf offering, Bakkt’s Class A shares (NYSE: BKKT) rose 3% to $13.33 on Thursday. However, the stock remains down 46% year-to-date. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta