Bakkt Holdings Inc., a publicly traded cryptocurrency platform, has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission (SEC) to raise capital through various securities including equity, debt, and warrants. The company updated its investment policy to authorize the potential use of proceeds from this offering, as well as excess cash and other capital sources, to purchase up to $1 billion worth of Bitcoin and other digital assets. The filing signals Bakkt's strategic move to expand its digital asset holdings as part of its treasury management and corporate operations. While the primary purpose of the capital raise includes working capital and general corporate purposes, the updated policy explicitly allows for significant Bitcoin acquisitions, marking a notable commitment to cryptocurrency investment.