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.
Overview
Bakkt Holdings Inc (BKKT) operates as an advanced technology platform that connects the digital economy by bridging the gap between digital assets and traditional consumer and institutional needs. With a focus on digital asset liquidity, regulatory compliance, and secure digital custody, Bakkt provides a comprehensive ecosystem that caters to the dynamic world of cryptocurrencies, loyalty programs, gaming assets, and merchant stored value. The company's platform is built to support both experienced market participants and everyday consumers, offering them a streamlined, user-friendly digital experience. This includes capabilities for buying, selling, and storing digital assets while enabling instant liquidity and flexible redemption options. The robust design of its platform underscores its commitment to transparency and trust in a regulated market environment.
Business Model and Revenue Streams
Bakkt generates revenue through a combination of subscription-based services, transactional fees, and service charges associated with its secure digital custody solutions and loyalty redemption systems. Its business model is structured around several key elements:
- Institutional-Grade Custody Solutions: Designed to meet the rigorous requirements of large-scale investors, the custody platform provides a secure storage solution for digital assets, ensuring compliance with regulatory standards.
- Digital Asset Trading and Liquidity: The platform aggregates various digital assets, making them easily accessible for trading and transfers, thereby promoting instant digital liquidity for consumers and businesses alike.
- Loyalty and Redemption Systems: Beyond crypto custody, Bakkt’s technology facilitates the management, transfer, and redemption of loyalty points and merchant stored values, adding significant utility for both consumers and participating merchants.
Rhea-AI Summary
Bakkt Holdings, Inc. (NYSE: BKKT) plans to expand its crypto capabilities into Latin American, European, and Asian markets by year-end. This includes partnerships with Hapi and 3.0verse in Latin America, Spain in Europe, and various Asian markets. The company also continues to expand domestically with institutionally-backed clients. Bakkt will release its third-quarter 2023 earnings on November 14, 2023.
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Bakkt Holdings, Inc. (BKKT) to participate in 6th Blockchain & Digital Assets Summit, with President and CEO Gavin Michael speaking on 'The Future of Digital Assets in Retail' panel. One-on-one investor meetings to be held. Live webcast and replay available on www.bakkt.com.
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Bakkt Holdings, Inc. (NYSE: BKKT) will release its Q3 2023 earnings on November 14, 2023, before market open. A conference call will be held at 9:00 a.m. ET on the same day to review the results. Investors and analysts can participate by dialing (833) 470-1428 or (404) 975-4839. A replay will be available by dialing (866) 813-9403. Stockholders can submit questions prior to the earnings call through a designated platform.
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Bakkt Holdings, Inc. (NYSE: BKKT) will participate in three investor forums in September, including the Needham Virtual Crypto Conference, H.C. Wainwright Global Investment Conference, and Rosenblatt Global Exchange Leader Conference. CEO Gavin Michael will be presenting and participating in panel discussions. Interested parties can access live webcast presentations on the company's website.
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BKKT - Bakkt Holdings, Inc. reports Q2 2023 results, including the acquisition of Apex Crypto rebranded as Bakkt Crypto Solutions. Gross crypto services revenues of $335.3 million, partially offset by crypto costs and execution fees of $334.0 million. Total revenues of $347.6 million include gross crypto revenues and net loyalty revenues. Operating expenses of $398.7 million include crypto costs, execution, and brokerage fees, as well as acquisition-related expenses. Updated full year 2023 outlook reflects impact from Apex Crypto acquisition and current macroeconomic environment. Operating cash flow usage for full year 2023 expected to be $78-84 million, down over 20% from previous guidance.
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PublicSq. announced the appointment of Senator Kelly L. Loeffler to its Board of Directors. Loeffler brings extensive experience in Wall Street, the public sector, and entrepreneurship. She will support PublicSq. in its mission to serve millions of Americans and small business owners. Loeffler's appointment demonstrates the company's ability to attract top talent and grow its untapped marketplace.
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Bakkt Holdings, Inc. will release its Q2 2023 earnings on August 10, 2023, and host a conference call to review the results. Investors and analysts can participate by dialing (833) 470-1428 or (404) 975-4839. A replay will be available. Stockholders can submit questions prior to the call.
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Bakkt releases findings from its U.S. Consumer Crypto Sentiment Study, revealing that overall purchase considerations for crypto owners remain steady at 84%. Interest among the Crypto Curious has decreased to 27%. Regulation is noted as the most prominent driver of rekindling interest in crypto. Security and regulation concerns remain high for both Crypto Owners and the Crypto Curious. Fintech providers are seen as safer and more trusted than traditional crypto exchanges.
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Bakkt Holdings, Inc. (NYSE: BKKT) will participate in the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2023. The President and CEO, Gavin Michael, will participate in a fireside chat at 10:40 AM ET. The presentation can be accessed via live audio webcast on the company's website at www.bakkt.com.
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FAQ
What is the current stock price of Bakkt Holdings (BKKT)?
The current stock price of Bakkt Holdings (BKKT) is $9.08 as of April 1, 2025.
What is the market cap of Bakkt Holdings (BKKT)?
The market cap of Bakkt Holdings (BKKT) is approximately 59.1M.
What is the core business of Bakkt Holdings Inc?
Bakkt Holdings Inc operates a technology platform that facilitates digital asset custody, trading, and loyalty point redemption. The platform connects various digital asset classes, including cryptocurrencies, gaming assets, and merchant stored value.
How does Bakkt generate its revenue?
The company generates revenue through a combination of subscription services, transaction fees, and service charges associated with its digital asset custody solutions and loyalty reward systems.
What makes Bakkt’s platform unique in the digital asset space?
Bakkt distinguishes itself with its institutional-grade, regulated platform that offers secure custody solutions, transparent pricing, and API-driven digital experiences. This multi-faceted approach addresses both institutional and consumer needs.
How does Bakkt ensure security and transparency?
Bakkt operates within a fully regulated environment, implementing robust custody measures and transparent pricing protocols to ensure that transactions and asset management meet high security and compliance standards.
What types of digital assets does Bakkt support?
Bakkt supports a broad spectrum of digital assets, including cryptocurrencies, loyalty program points, gaming assets, and merchant stored values, offering users flexibility in managing and converting these assets.
How does Bakkt benefit merchants?
Merchants benefit from Bakkt's platform by enjoying lower payment acceptance costs, enhanced customer engagement, and innovative redemption options that reduce loyalty liabilities and streamline overall operational efficiency.
What sectors of the economy does Bakkt operate in?
Bakkt operates at the intersection of digital finance, fintech, and blockchain technology, serving sectors that range from institutional investment to consumer digital asset management and loyalty program administration.
How is Bakkt’s technology integrated with other digital platforms?
Bakkt utilizes a robust suite of APIs and embedded web experiences to ensure seamless interaction with third-party services. This integration enables broader application of its digital asset management and loyalty redemption capabilities.
Bakkt Holdings Inc
NYSE:BKKT
BKKT Rankings
BKKT Stock Data
59.09M
4.83M
26.23%
22.27%
16.3%
Software - Infrastructure
Finance Services
United States
ALPHARETTA