Bakkt Holdings has announced the pricing of its public offering, raising approximately $75 million through 6,753,627 shares of Class A common stock and 746,373 pre-funded warrants. Each share is priced at $10.00, while each warrant is offered at $9.9999. The offering is expected to close on or around July 30, 2025, subject to customary closing conditions.

The company plans to use the net proceeds to purchase Bitcoin and other digital assets, in accordance with its investment policy. Additional funds will support working capital and general corporate purposes. This move underscores Bakkt’s continued commitment to expanding its presence in the digital asset space.

Bakkt has also granted underwriters a 30-day option to purchase up to an additional 1,125,000 shares or pre-funded warrants at the offering price, excluding discounts and commissions. The offering highlights growing investor confidence in the crypto sector and Bakkt’s role in driving adoption of digital currencies.

Source