Odaily Planet Daily News According to the documents filed by Bakkt Holdings, a US-listed company, with the SEC, the company may issue securities from time to time in one or more offerings, with the number, price and terms of the offering determined at the time of the offering, and the total offering price of the securities sold not exceeding US$1 billion.
The statement said that in June 2025, Bakkt updated its investment policy to enable it to allocate funds to Bitcoin and other digital assets as part of Bakkt's broader financial and corporate strategy based on market conditions and expected liquidity needs of the business. Bakkt may use excess funds to purchase Bitcoin or other digital assets.
The statement added that Bakkt also plans to explore more opportunistic financing alternatives, including issuing convertible notes, bonds or other debt instruments to acquire Bitcoin or other digital assets, or make other investments in accordance with Bakkt's investment policy. To date, Bakkt has not purchased any Bitcoin or other digital assets in accordance with the updated investment policy. Bakkt cannot guarantee that any such transactions will be made. The timing and size of any such transaction will depend on market conditions, capital market receptivity, business performance and other strategic considerations.