Bakkt Holdings, Inc. announced the closing of its underwritten public offering, which generated approximately $75 million in gross proceeds. The offering included 6,753,627 shares of Class A common stock and pre-funded warrants to purchase up to 746,373 shares.
The closing occurred on July 30, 2025, providing Bakkt with significant capital. The net proceeds from this offering are designated for the purchase of Bitcoin and other digital assets, in line with the company's updated investment policy.
Additionally, the funds will be utilized for working capital and general corporate purposes, supporting Bakkt's strategic transformation into a pure-play crypto infrastructure company. This capital raise is a key component of strengthening the company's balance sheet.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.