Bakkt Holdings is seeking financial flexibility with a $1 billion shelf registration, potentially directing some proceeds toward Bitcoin.
The filing, disclosed Thursday, would let the company raise capital through stock, debt, or warrants as market conditions dictate.
The move aligns with Bakkt’s updated policy allowing crypto investments, though it remains unclear how aggressively the firm will pursue Bitcoin acquisitions. Given Bakkt’s history of losses and going-concern disclosures, the shelf offering could provide much-needed liquidity—or heighten risk exposure.
“We may allocate capital to digital assets,” Bakkt stated, leaving investors to weigh the potential rewards against the volatility.
