Bakkt Holdings Raises $1 Billion to Buy Bitcoin

Bakkt Holdings Raises $1 Billion to Buy Bitcoin

Bakkt Holdings Inc. announced on June 10, 2025, its intention to raise capital to acquire Bitcoin, pivoting fully toward crypto infrastructure, as confirmed in regulatory filings.

This shift marks Bakkt’s transition from its loyalty business, aiming at becoming a major player in Bitcoin acquisition, despite a 28% fall in its stock price.

Bakkt Holdings Inc. announced plans to raise $1 billion through a public offering to purchase Bitcoin and expand its crypto infrastructure. The fundraising marks a strategic pivot towards becoming a dedicated crypto company.

Key figures in this strategic shift include Andy Main and Akshay Naheta, Co-CEOs of Bakkt. They highlighted plans to deploy AI solutions aimed at enhancing crypto offerings and focusing on Bitcoin and stablecoins.

The shift has caused Bakkt’s stock price to fall almost 28% after-hours, signaling investor caution about potential dilution. The cryptocurrency market anticipates effects on Bitcoin prices, with emphasis on Bakkt’s digital asset acquisitions.

The plan may impact business strategies within the industry, emphasizing a growing trend toward corporate investment in digital currencies. However, specific on-chain data remains undisclosed, leaving market participants cautious of immediate outcomes.

Bakkt’s decision to focus on cryptocurrencies aligns with similar moves by industry firms emphasizing digital investments. This highlights a trend where companies seek value in crypto assets, comparable to earlier actions by firms like MicroStrategy.

Potential outcomes include changes in regulatory scrutiny, influenced by Bakkt’s large-scale Bitcoin acquisition. “With the pending sale of our Loyalty business, Bakkt is achieving a significant milestone and fully embracing its future as a streamlined, pure-play crypto infrastructure company,” noted Andy Main, President and co-CEO of Bakkt ( source ). Historical trends indicate increased attention on such investments, urging careful analysis by stakeholders. Market watchers await detailed disclosures for further insights.