On June 27th, the New York-based digital asset trading platform Bakkt revealed a plan to raise up to 1 billion USD through methods such as issuing common stocks, preferred stocks, warrants, and bonds. The primary goal of this capital raising is to enhance financial capacity for Bitcoin accumulation and expand investment portfolio into other digital assets.
Information extracted from the filing submitted to the US Securities and Exchange Commission (SEC) shows that the expected funds will serve a new investment policy called the "Expanded Investment Policy", announced by Bakkt in mid-June. This strategy marks an important transformation as the company aims to become a specialized financial infrastructure provider in the cryptocurrency field.
Bakkt representatives noted that Bitcoin accumulation will become part of a long-term plan, similar to what large companies like MicroStrategy, Semler Scientific, or Metaplanet in Japan are implementing. Although no actual purchase transactions have been made, Bakkt emphasizes that it will gradually incorporate Bitcoin into its balance sheet as part of its strategy to enhance digital reserve assets.
Bakkt's move comes in a context where an increasing number of listed companies globally are considering adding Bitcoin to their strategic asset portfolio. This reflects a growing trend of using digital assets as a versatile tool - from value storage to protecting investment portfolios against traditional market risks.
Bakkt was established in 2018 with support from ICE - the group owning the New York Stock Exchange (NYSE). Initially, the company aimed to develop a Bitcoin Futures Contract trading platform but did not meet market expectations. Subsequently, Bakkt adjusted its strategy, shifting to providing asset tokenization solutions and custody services for institutional investors.
