Rather than sitting on the sidelines, the crypto firm wants to bulk up its BTC reserves as market momentum builds.

The offering includes shares and pre-funded warrants, with an option for underwriters to expand the sale by 15%. While the terms are still fluid, Bakkt has made its intention clear: a large portion of the funds will be directed toward acquiring Bitcoin and other digital assets, alongside general operations.

This pivot comes after a failed acquisition attempt by Trump Media last year, which briefly sent Bakkt’s stock soaring before the deal collapsed. Since then, the company has shifted its focus more heavily toward crypto strategy—already accumulating over $2 billion in Bitcoin.

Despite past setbacks, including client exits earlier this year that triggered a 30% stock drop, Bakkt is betting big on crypto’s long-term value. Its latest announcement sparked a short uptick in shares, though they closed down 5% at $17.

Meanwhile, Bitcoin itself is showing renewed strength. The price has climbed to $117,960—just 4% shy of its all-time high—driven by a 35% spike in daily trading volume. With momentum building, Bakkt’s timing may prove strategic as investor demand heats up once again.

The post Bakkt Eyes Bitcoin Boom with $1B Funding Plan appeared first on Coindoo.

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Filed under: Bitcoin - @ July 29, 2025 9:31 pm