Bakkt bets $1 billion on Bitcoin strategy! Plans to purchase 9,364 BTC to enter the top 10 institutional holders.

Gate News, crypto assets custody giant Bakkt has submitted a $1 billion financing plan to the SEC, intending to fully bet on the Bitcoin strategy. If it purchases all BTC at the current market price, it will immediately rank among the top ten publicly traded companies by coin holdings, reshaping the institutional landscape of the crypto market.

🔵 1. Details of the $1 billion financing plan

According to the latest disclosure documents from the U.S. Securities and Exchange Commission (SEC), the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has incubated Bakkt Holdings (stock code: BKKT) and has submitted a "Shelf Registration" application, planning to raise up to $1 billion through a combination of issuing Class A common stock, preferred stock, and debt securities. This mechanism allows companies to raise funds in phases, flexibly seizing market window periods.

📌 Core Fund Usage (SEO Keyword Layout)

• Strategic Acquisition of Bitcoin and Digital Assets
• Crypto Assets National Treasury Reserve Program
• Enterprise Infrastructure Upgrade
• Company daily operating capital

The document emphasizes: "Bakkt currently does not hold any Bitcoin or other Crypto Assets, but has the authority to use cash reserves, debt financing, and funds raised from securities issuance to invest in digital assets."

🚀 2. Bitcoin Acquisition Scale Estimation (Data Anchor Point)

Based on the current Bitcoin price of $106,800:

• 1 billion USD ≈ 9,364 BTC If fully allocated, Bakkt will instantly leap to 9th place in the publicly listed companies' Bitcoin holdings ranking:

1. Beyond Major CEX (9,267 BTC)
2. Closely following Tesla (approximately 11,000 BTC)
3. Crushing 90% of listed companies' coin holdings

🔧 3. Strategic Transformation: Build Pure Encryption Infrastructure (User Intent Keywords)

The co-CEO Akshay Naheta, who took office in March 2025, stated clearly in a statement:

"This move aims to transform Bakkt into a pure crypto infrastructure company and incorporate Bitcoin into its strategic asset reserves."

Key Steps for Transformation:

1. Divest non-core business: Gradually exit the original main business "Bitcoin futures contracts"
2. Focus on the crypto market: Strengthen digital asset custody and institutional-level trading services
3. Build an ecological closed loop: Integrate crypto payment and customer loyalty programs

🌐 4. Industry Trends: Public Companies Accelerate Bitcoin Allocation

The Bitcoin allocation trend of publicly listed companies joining Bakkt has become a significant trend for 2025:

• MicroStrategy continues to increase its holdings (total holding of 592,345 BTC)
• Mining Giant Marathon Digital( 49,678 BTC), Riot Platforms( 19,225 BTC) Assets BTC accounting for over 30%.
• Financial technology company Galaxy Digital holds 12,830 BTC

Analysts point out: "The enterprise-level Bitcoin holdings have surpassed 800,000 coins, accounting for 4.1% of the circulating supply, and the institutionalization process is irreversible."

Conclusion: With the advancement of the $1 billion financing plan, Bakkt is expected to become the largest publicly listed Bitcoin buyer in 2025. This move will not only reshape the institutional holding rankings but also marks a strategic transformation of traditional financial infrastructure giants towards crypto native enterprises. The market is closely watching the timing and scale of its first BTC acquisition.