Bakkt Debuts as a Public Company on the New York Stock Exchange

Rhea-AI Summary

Bakkt Holdings (NYSE: BKKT) has commenced trading on the New York Stock Exchange. The company aims to connect the digital economy by providing a platform for consumers, businesses, and institutions to manage digital assets. Since its inception in 2018, Bakkt has achieved significant milestones, including linking 1 billion points and miles to its app just six months post-launch. Partnerships with companies like Finastra and Choice Hotels have expanded access to cryptocurrency and provided options for rewards redemption, enhancing user engagement with digital assets.

Positive

• Launched trading on NYSE, increasing visibility and credibility.
• Linked 1 billion points and miles to the Bakkt app within six months.
• Strategic partnerships with Finastra and Choice Hotels expanding services.

Negative

• None.

Bakkt listed under the ticker “BKKT”

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that enables consumers, businesses, and institutions to buy, sell, spend, send and redeem digital assets, will open trading today on the New York Stock Exchange under the ticker symbol “BKKT.”

“Today, Bakkt’s vision – to connect the digital economy – reaches new heights, and we’re excited to continue our momentum as a public company,” said Gavin Michael, CEO of Bakkt. “Our platform sits at the intersection of cryptocurrency, rewards, loyalty and payments, and we look forward to accelerating the plan that is already underway: building out a broader partner network, expanding the access and utility of digital assets, and gaining momentum in a space that is continuing to grow.”

The Bakkt platform has seen strong growth since its founding in 2018. Last month, the company announced that 1 billion points and miles have been linked on the Bakkt app, only six months after its public launch. As the company grows its partner set, it has announced multiple partnerships, including one with Finastra to expand access to cryptocurrency to banks and credit unions across the U.S. Bakkt also recently announced a partnership with Choice Hotels, enabling Choice Privileges members to convert their rewards points to cash and use that cash to buy bitcoin, send it to friends & family, or use it online or in-store, anywhere Apple Pay^® or Google Pay™ is accepted.

Bakkt also offers the virtual Bakkt^® Visa^® Debit Card (“Bakkt Card”). The Bakkt Card allows customers to use their bitcoin and cash balances to purchase everyday goods and services at hundreds of thousands of retailers, grocery stores, transit options and more.

About Bakkt

Bakkt is a trusted digital asset platform that enables consumers to buy, sell, store and spend digital assets. Bakkt’s consumer platform, now available through the recently-released Bakkt app and to partners through the Bakkt platform, amplifies consumer spending and bolsters loyalty programs, adding value for all key stakeholders within the Bakkt payments and digital assets ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/

Bakkt-C

View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005296/en/

For Bakkt:

Investors

Ann DeVries, Head of Investor Relations

IR@bakkt.com

Media

Lauren Post, Head of Communications

Lauren.Post@bakkt.com

Source: Bakkt Holdings, Inc.

FAQ

What is Bakkt Holdings and its ticker symbol?

Bakkt Holdings is a digital asset platform listed on the New York Stock Exchange under the ticker symbol BKKT.

What significant milestone did Bakkt achieve six months after its app launch?

Bakkt linked 1 billion points and miles to its app just six months after launch.

What partnerships has Bakkt recently announced?

Bakkt has announced partnerships with Finastra and Choice Hotels to enhance cryptocurrency access and rewards redemption.

What services does Bakkt offer to users?

Bakkt allows users to buy, sell, spend, send, and redeem digital assets through its platform.

When did Bakkt start trading on the NYSE?

Bakkt started trading on the New York Stock Exchange on the date of the press release.