Bakkt Eyes Major Bitcoin Treasury Move With $1 Billion Fundraising Plan

• Bakkt submitted a $1 billion SEC filing to fund its Bitcoin treasury strategy and could purchase approximately 9,364 BTC at current market rates.

• The acquisition would position Bakkt among the top ten corporate Bitcoin holders and support its transformation into a dedicated cryptocurrency infrastructure company.

Digital asset platform Bakkt Holdings has taken a significant step toward building a Bitcoin treasury by submitting a $1 billion shelf registration with the Securities and Exchange Commission. The move signals the company’s commitment to its recently adopted cryptocurrency investment strategy, which became effective in June 2025.

The registration filing grants Bakkt considerable flexibility in its fundraising approach. The company can issue multiple types of securities, including common stock, preferred shares, debt instruments, warrants, or hybrid securities. This shelf registration structure eliminates the need for separate filings with each capital raise, allowing Bakkt to respond quickly to favorable market conditions.

Bakkt has outlined several potential uses for the raised capital, with Bitcoin acquisition being a primary focus. The funds may also support broader digital asset treasury operations and standard corporate activities. Under its updated investment framework, the company can deploy excess cash, borrowed funds, or proceeds from securities offerings to purchase cryptocurrencies.

Potential Market Impact

The scale of Bakkt’s planned Bitcoin investment could create a significant market impact. Based on Bitcoin’s current trading price of approximately $107,573, the full $1 billion would secure roughly 9,364 BTC for the company’s treasury. This acquisition would immediately elevate Bakkt’s status in the corporate Bitcoin landscape.

The proposed purchase would place Bakkt ahead of established players like Coinbase, which currently holds 9,267 BTC reserves. More importantly, it would secure a position within the exclusive group of top ten corporate Bitcoin holders, demonstrating a serious institutional commitment to cryptocurrency assets.

Akshay Naheta, who assumed the co-CEO role in March, emphasized the strategic importance of this initiative. He highlighted how the Bitcoin treasury strategy supports the company’s evolution into a focused cryptocurrency infrastructure provider while strengthening its competitive position in digital asset markets.

Corporate Bitcoin Adoption Landscape

Bakkt’s treasury strategy reflects the growing trend of corporate Bitcoin adoption among publicly traded companies. Industry leader Strategy maintains the largest corporate Bitcoin position with 592,345 BTC, establishing the benchmark for institutional cryptocurrency investment.

Marathon Digital Holdings occupies the second position with 49,678 BTC, while MARA Holdings rounds out the top three with 37,230 BTC. Riot Platforms and Galaxy Digital complete the leading group with holdings of 19,225 and 12,830 BTC, respectively.

Should Bakkt execute its full Bitcoin acquisition plan, it would achieve ninth place among corporate holders, positioning itself between Tesla and Hut 8 Mining Corp in the institutional ranking hierarchy.