This Under-The-Radar Crypto Stock Lifted 3% On $1 Billion Fundraising That Could Go Into Buying Bitcoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: benzinga_crypto
Updated: Jun 27 2025Bakkt Holdings Inc. Stock Surge: Shares of Bakkt rose 3.09% after the company announced plans to raise up to $1 billion, potentially for purchasing Bitcoin and other digital assets, although no purchases have been made yet.
Company Background and Performance: Bakkt, which went public via a SPAC merger in October 2021, has seen its stock value drop 46% year-to-date despite previous interest from Trump Media & Technology Group for acquisition.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
