Bakkt Restructures to Become Pure Crypto Powerhouse
Bakkt Holdings has announced the sale of its loyalty services division in a strategic shift aimed at focusing exclusively on digital assets and blockchain infrastructure. The move marks a significant milestone for the company as it repositions itself as a pure-play crypto firm, shedding non-core operations to streamline its business model and concentrate on areas […]
Trump to Name Kelly Loeffler as Agriculture Secretary
Kelly Loeffler, who led Bakkt from its founding in 2018 until her Senate appointment in 2019, has financial and political ties to Trump. CNN has claimed that President-elect Donald Trump is getting ready to create a cabinet that would include a long-time supporter and a former CEO of a cryptocurrency company. Donald Trump To Name […]
Crypto Platform Bakkt Considers Sale, Shares Fall 7%
Bakkt considering sale or separation amid crypto acquisitions, 7% share drop, and leadership changes to grow. Bakkt Holdings Inc., the crypto marketplace founded by the New York Stock Exchange parent firm, is reportedly mulling a sale or dissolution amid an increase in crypto-related takeover activity. According to several persons familiar with the situation who declined […]
Bakkt Reports $780M in Revenue for 2023
Bakkt cryptocurrency custody and trading platform, reveals annual revenues of $780.1 million in 2023. During the fourth quarter of 2023, Bakkt reported generating a cumulative revenue of $214.5 million. This includes net loyalty and gross cryptocurrency revenues. Gross crypto services revenues increased due to Bakkt’s acquisition of Bakkt Crypto (previously Apex Crypto), according to the […]
Bakkt Receives Green Light for $150M Securities Sale
Bakkt said in a statement that it has been given authorization to fund $150 million through the sale of its securities in one or more offers spread over a three-year period. This follows the company’s statement to the Securities and Exchange Commission (SEC) last week, expressing worries regarding its balance sheet. Bakkt’s assertion: “Bakkt believes […]