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Bakkt Holdings, Inc. - BKKT STOCK NEWS

Welcome to our dedicated page for Bakkt Holdings news (Ticker: BKKT), a resource for investors and traders seeking the latest updates and insights on Bakkt Holdings stock.

Bakkt Holdings, Inc. (NYSE: BKKT) is a prominent player in the digital asset industry, striving to unlock the $1.2+ trillion potential held in cryptocurrencies, rewards and loyalty points, gaming assets, and merchant stored value. Established in 2018, Bakkt's mission is to bring trust and transparency to digital assets, serving both institutional and consumer markets.

Bakkt's core offerings include the Bakkt Warehouse and Bakkt® Bitcoin Futures and Options Contracts, providing an end-to-end regulated market with genuine price transparency for institutional clients. This allows for secure storage and seamless trading of digital assets under stringent regulatory standards.

For consumers, Bakkt aggregates digital assets to facilitate instant liquidity and empowers users to trade, transfer, and pay in a flexible manner. This is achieved through an intuitive technology platform that can be accessed via application programming interfaces (APIs) or an embedded web experience, simplifying the process of managing digital assets.

Moreover, merchants within the Bakkt ecosystem benefit from reduced payment acceptance costs, enhanced customer engagement, and minimized loyalty liability through diverse redemption options. Bakkt's solutions enable businesses to efficiently handle loyalty points and provide a full spectrum of content for customers to redeem loyalty currencies effectively.

Financially, Bakkt generates revenue through subscription and service fees and transaction-based activities. Their institutional-grade technology offers a robust custody solution, catering to both experienced market participants and new users, making the buying, selling, and storing of crypto straightforward and secure.

Bakkt continues to innovate and expand its offerings, aiming to enhance the digital asset experience for all stakeholders. The company's commitment to transparency and regulated market practices positions it as a leader in the evolving digital economy.

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Bakkt Holdings, Inc. (NYSE: BKKT) will release its first quarter 2024 earnings on May 14, 2024, followed by a conference call to discuss the results. Investors can join the call via phone or online to ask questions. The webcast will be available on the company's investor relations website.

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Bakkt Holdings, Inc. (NYSE: BKKT) announced a 1-for-25 reverse stock split of its Class A and Class V common stock, effective April 26, 2024. The new reverse-split adjusted trading will commence on April 29, 2024, aiming to meet NYSE compliance rules. The company will adjust its authorized shares proportionately, while stockholders will receive cash for fractional shares. The reverse stock split will not affect ownership percentages or voting power.
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Bakkt Holdings, Inc. (BKKT) reports quarterly gross crypto services revenues of $199.4 million, total revenues of $214.5 million, and full year total revenues of $780.1 million. The company also announced a recent closing of $42.4 million in gross proceeds from offerings with third-party investors and Intercontinental Exchange to enhance liquidity. Bakkt plans to expand institutional crypto capabilities and anticipates significant revenue growth for 2024.
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Bakkt Holdings, Inc. appoints Andy Main as President and CEO, succeeding Gavin Michael who steps down. Main brings extensive strategic leadership experience to the company. The company reschedules its financial results conference call.
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Bakkt Holdings, Inc. (BKKT) received a notice from the NYSE regarding non-compliance with the stock price requirement. The company aims to rectify the deficiency within a six-month period to maintain its listing on the NYSE.
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Bakkt Holdings, Inc. (BKKT) partners with Unchained to enhance bitcoin security through collaborative custody. Bakkt will act as a key agent for Unchained's enterprise custody product, offering multi-signature vaults secured by institutional key agents. This strategic collaboration aims to provide secure and regulated custody solutions for large institutions amidst regulatory uncertainty.
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Bakkt Holdings, Inc. announces a registered direct offering of its Class A common stock and warrants to institutional investors. The offering includes two separate agreements totaling 46,136,102 shares at $0.8670 per share. ICE, an affiliate of Intercontinental Exchange, Inc., is also involved in a concurrent offering. The total gross proceeds are expected to be around $42.4 million. The net proceeds will primarily be used for working capital and general corporate purposes.
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Bakkt Holdings, Inc. (BKKT) announced preliminary financial results for Q4 and full year 2023. Q4 revenues estimated at $213-215 million, with gross crypto revenues at $197-199 million. Full-year revenues expected at $778-780 million, in line with prior guidance. Net loyalty revenues, total crypto costs, and cash equivalents also detailed.
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Bakkt Holdings, Inc. (BKKT) will release its Q4 and full-year 2023 earnings on March 20, 2024, followed by a conference call. Investors can participate via dial-in or online platform to submit questions.
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Bakkt Holdings, Inc. and Swan Bitcoin partner to enable Bitcoin trading across 49 U.S. states. Bakkt offers Swan Bitcoin a range of services, including fiat onboarding, trading, and custody. CEO Gavin Michael expresses excitement for future growth opportunities and international market expansion.
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FAQ

What is the current stock price of Bakkt Holdings (BKKT)?

The current stock price of Bakkt Holdings (BKKT) is $31.61 as of November 20, 2024.

What is the market cap of Bakkt Holdings (BKKT)?

The market cap of Bakkt Holdings (BKKT) is approximately 194.7M.

What does Bakkt Holdings, Inc. do?

Bakkt Holdings, Inc. operates a technology platform that connects the digital economy by offering services for crypto trading, storage, and loyalty points redemption.

When was Bakkt Holdings, Inc. founded?

Bakkt Holdings, Inc. was founded in 2018.

What are the main products offered by Bakkt?

Bakkt offers the Bakkt Warehouse, Bakkt® Bitcoin Futures and Options Contracts, and a platform for trading, transferring, and storing digital assets.

How does Bakkt benefit consumers?

Bakkt aggregates digital assets for consumers, providing instant liquidity and enabling flexible trade, transfer, and payment options.

What advantages do merchants gain from Bakkt?

Merchants benefit from lower payment acceptance costs, enhanced customer engagement, and reduced loyalty liability through various redemption options.

How does Bakkt generate revenue?

Bakkt generates revenue through subscription and service fees, along with transaction-based revenue.

What type of clients does Bakkt serve?

Bakkt serves institutional clients, consumers, and businesses, providing a secure and regulated platform for managing digital assets.

What makes Bakkt's market offerings unique?

Bakkt provides a regulated market with true price transparency and a robust custody solution for digital assets, ensuring secure and straightforward management.

Can consumers redeem loyalty points on Bakkt's platform?

Yes, Bakkt offers a full spectrum of content for clients to make available to their customers when redeeming loyalty currencies.

What is the Bakkt Warehouse?

The Bakkt Warehouse is a custody solution that provides secure storage for digital assets under stringent regulatory standards.

Bakkt Holdings, Inc.

NYSE:BKKT

BKKT Rankings

BKKT Stock Data

194.71M
4.69M
24.42%
23.88%
12.69%
Software - Infrastructure
Finance Services
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United States of America
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