Bakkt, which enjoys the backing of the Intercontinental Exchange, indicated in its Form S-3 filing that it might issue a mix of common and preferred stock, debt instruments, warrants, or bundled securities, depending on market trends.

Bakkt’s Bitcoin Treasury Strategy

Even though Bakkt has not yet made any Bitcoin acquisitions, the filing corresponds with a recent amendment to its investment policy. This policy now permits the company to allocate capital to Bitcoin and other digital assets as part of a comprehensive treasury strategy.

The firm disclosed that the timing and magnitude of any prospective crypto purchases would depend on various factors, including market receptiveness, operational performance, and strategic considerations. The filing also recognizes Bakkt’s history of operational losses and limited track record, highlighting its identified challenges that create uncertainty about its long-term viability. This uncertainty makes the ability to access capital markets crucial for the company’s operational plans.

The proposed $1 billion shelf registration would provide Bakkt with the flexibility to swiftly access funds under favorable market conditions. It would also offer the company optionality amidst its ongoing endeavors to stabilize its financial position and seek opportunities in the digital asset space.

Bakkt And The Crypto IPO Wave

The latest drive to secure capital and explore Bitcoin purchases comes as the crypto sector experiences a surge in IPO activity from firms like Circle, eToro, and recently, Gemini. The NYSE-listed firm perceives these milestones as enabling public participation in the technology that is reshaping finance’s future.

In Bakkt’s words, “These developments bring validation, visibility, and maturity to the market – but they also raise the bar for resilience, compliance, and transparency. That magnifies the importance of infrastructure.”

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The fundraising could encompass sales of Bakkt’s Class A common stock, preferred stock, warrants, and debt securities. On June 10, Bakkt unveiled a revised investment policy aimed at channeling capital towards Bitcoin and other digital assets, aligning with the firm’s wider treasury and corporate strategy. However, Bakkt has not executed any crypto purchases so far, as indicated in the SEC filing.

“The proposed initiative is designed to facilitate Bakkt’s metamorphosis into a dedicated crypto infrastructure company, enabling strategic additions of Bitcoin and other digital assets to our treasury,” stated Akshay Naheta, Bakkt’s co-CEO. “Our multi-faceted approach reflects our faith in the digital assets future and our vision for Bakkt as an international expansion leader and a pioneer in programmable money.”

Established in 2018, Bakkt is joining the growing list of crypto treasury firms, providing investors a leveraged exposure to assets like Bitcoin, ETH, and SOL through traditional capital market-funded digital asset purchases.

This decision signifies Bakkt’s most recent strategic pivot. The Atlanta-based firm, initially supported by NYSE operator Intercontinental Exchange, first offered an institutional-grade platform for trading daily physically-settled Bitcoin futures. Despite struggles in its initial stages, Bakkt took a shot at tokenizing rewards points and crypto custody, eventually going public in 2021.

Bakkt’s inaugural CEO, Kelly Loeffler, resigned in 2019 to serve briefly as a Republican U.S. senator in Georgia during the first Trump administration. Last November, President Donald Trump’s social media company Truth Social was reportedly in “advanced talks” to acquire Bakkt.

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On April 18, 2025, Johnson Fistel, PLLP announced the initiation of a class action lawsuit on behalf of Bakkt Holdings, Inc. investors. The lawsuit aims to recover losses for investors who bought securities from March 25, 2024, to March 17, 2025, inclusively, referred to as the “Class Period”.

Investors interested in serving as the lead plaintiff are advised to make their move before June 2, 2025. This class action seeks to provide a legal recourse for Bakkt Holdings shareholders who lost money on their investments.

Americas Crypto GlobeNewswire © GlobeNewswire, Inc. 2025. Access this news by creating a free account or log in.

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Investors are encouraged to contact the firm and potentially serve as lead plaintiffs before the upcoming deadlines. Further details about each case can be accessed via the provided link.

As a reminder, this news is accessible to all. Simply log in or create a free, lifetime account to stay updated.

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This call to action is relevant to those who have suffered significant losses in Bakkt within the period from March 25, 2024, to March 17, 2025. The objective of this move is to potentially lead the ongoing Bakkt Holdings Securities Fraud Lawsuit in collaboration with Faruqi & Faruqi, LLP.

Investors are encouraged to either login or create a free account to access more details about this unfolding crypto news.

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The post Investors of Bakkt Holdings Inc. (BKKT) Urged to Address Securities Fraud Lawsuit Before Deadline appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The lawsuit was filed in the United States District Court for the Southern District of New York. It represents all individuals and entities who have bought or otherwise obtained Bakkt securities between March 25, 2024, and March 17, 2025 – a period under close scrutiny. Investors have until June 2, 2025, to submit an application to the Court for the position of lead plaintiff in the lawsuit.

The firm encourages all investors who have stake in Bakkt during the aforementioned period to get in touch. This call to action suggests the gravity of the situation and highlights the importance for all affected parties to step forward.

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The idea is that we build a digital asset platform the cornerstone of which is custody that will enable the interoperability of traditional assets and digital,

said the head of America’s oldest bank, citing rising customer demand, blockchain’s maturity, and more regulatory certainty.

And according to the custodian bank, which now manages over $2 trillion in assets, even cautious customers are looking for entry into the digital asset market. With its new offering, BNY Mellon wants to attract crypto businesses based in the US, like Coinbase and other US-based exchanges.

BNY Mellon has the scope to rethink financial markets through blockchain technology and digital assets, and its reach exceeds 20% of global investable assets. BNY Mellon’s CEO and President, Robin Vince, expressed the company’s eagerness to continue innovating and its anticipation of playing a role in advancing the financial services sector.

Since BNY Mellon is the biggest custodian in the world, it makes sense for them to develop a reliable and secure Digital Asset Custody Platform for major financial institutions.

For some time now, BNY Mellon has been working on a prototype that would enable cryptocurrency transactions to take place on the same financial network it employs for investments in more conventional assets like bonds and equities.

Early in 2019, the bank made its way into the cryptocurrency industry by offering geographically dispersed storage of private keys via a partnership with Bakkt, the first federally regulated cryptocurrency marketplace. As a result, BNY and Bakkt have established a crypto-custody service, whereby BNY’s experience in protecting its institutional customers’ assets will be put to use in storing Bakkt’s digital assets.

However, BNY Mellon was reportedly implicated heavily in the OneCoin cryptocurrency fraud. It was revealed in FinCEN papers that the bank handled $137 million in transactions for entities and individuals involved in the $4 billion Ponzi scam.

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