On Monday, the Crypto software firm Bakkt Holdings (BKT) announced an ambitious plan to increase its bitcoin (BTC) Treasury reserve to $ $ 1 billion through various securities to promote its bitcoin (BTC) Treasury Reserve to suit the growing trend among publicly business companies.
This step comes between getting up Bitcoin pricesThose who are hovering below the high level of time, and the cryptocurrency markets are increased interest, fuel has been given by a new wave of regulatory development in the United States.
Bakkt offered $ 1 billion
In its AnnouncementBakkt revealed its intention to offer common stock and pre-funded warrant shares in a public offer.
The company plans to provide an underwriter with a 30-day option, which allows for potential over-alots, to purchase 15% of the shares sold. This offering is accidental on market conditions, and there is no guarantee about its time, size or conditions.
Bakkt has indicated that this offer will promote the processes to buy bitcoin and others Digital assetsAlong with your investment strategy, for working capital and general corporate purpose.
Clear Street LLC and Cohen and Company Capital Markets are working as a joint book-hanging manager for this offer, which is being declared an effective commission (SEC) in a shelf registration statement earlier this month.
Talk to Bitcoin Treasury with Trump Media
This latest initiative follows a significant period for Bakkt. Last year, the company was on one CUSP acquisition Donald Trump’s media enterprise, by Trump Media and Technology Group, which operates social media platform Truth Social.
As a result of that announcement, Bakkt’s share price was notable 15% spike. However, the anticipated acquisition did not make physical, and Bakkt focused its attention to the Cryptocurrency market, as is clear from the tricks. amassing More than $ 2 billion in bitcoin for your newly installed crypto treasury.
The company has also faced challenges; In March 2025, its stock fell to 30%, after announcing that two major customers, including the ban, would not renew their finance agreements.
In view of the recently offered announcement, Bakkt shares initially increased by about 3%, when they eventually shut down the day at $ 17 per share.
As this writing, Bitcoin is trading at $ 117,960, which marks a 10% increase with a monthly deadline. Since July 13, the market’s major cryptocurrency has been on time to consompat $ 116,000 – $ 120,000. It currently holds a record of only 4% $ 123,000.
However, according to Cooingco DataBitcoin trading volume has increased by 35% in the last 24 hours, indicating interest and demand for cryptocurrency, which is canh on a new page to search for BTC.
Specially displayed image from Dall-E, chart from traudingView.com
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