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.
Bakkt Holdings, Inc. (NYSE: BKKT) released its "Gig Workers & Crypto Study" during peak crypto volatility, revealing that 38% of gig workers are open to payment in cryptocurrency, rising to nearly 50% for partial payments. The study, conducted with 1,018 participants in the U.S., highlighted significant interest in crypto among freelance writers and rideshare drivers. Key drivers for this interest include potential pay increases (49%) and immediate payment (26%). However, 48% of gig workers express a lack of crypto knowledge, and 34% prefer USD for bill payments.
Bakkt Holdings, Inc. (NYSE: BKKT) will release its second quarter 2022 earnings on August 11, 2022, before market open. A conference call will follow at 9:00 a.m. EDT for management to discuss results and answer questions. Participants can join via dial-in or submit questions beforehand through a designated platform from August 4 to August 10. The call will be available for replay until September 10, 2022 on Bakkt's investor relations website.
Bakkt, launched in 2018, offers a digital asset platform aimed at enhancing customer loyalty and spending.
Bakkt Holdings, Inc. (NYSE: BKKT) released findings from its "Gig Workers & Crypto Study," conducted during June and July 2022 amidst peak crypto volatility. The study reveals that 38% of gig workers are open to receiving payment in crypto, rising to nearly 50% for partial payments. Notably, 20% of respondents have already been paid in crypto, with freelance workers showing the highest interest. Key barriers include the need for better education on crypto (48%) and concerns about volatility (33%). The study highlights the growing appeal of crypto within the gig economy.
Bakkt Holdings, Inc. (NYSE: BKKT) announced its inclusion in the Russell 3000® Index, effective June 27, 2022, following the annual reconstitution. This addition signifies a notable achievement for Bakkt as it enhances its visibility among investors and institutional managers, with the Russell indexes being benchmarks for approximately $12 trillion in assets. Bakkt aims to drive growth in the digital economy by leveraging this inclusion to expand its market reach and connect with a broader customer base.
Bakkt Holdings, Inc. (NYSE: BKKT) announced its participation in the Piper Sandler Global Exchange & FinTech Conference, scheduled for June 9 at 2:30 PM ET. CEO Gavin Michael will engage in a fireside chat during the event. Interested parties can access a live audio webcast through the company's investor relations section at www.bakkt.com. The presentation will be available for replay following the event. Bakkt is a digital asset platform enabling consumers to buy, sell, and spend digital assets.
Bakkt Holdings, Inc. (NYSE: BKKT) announced its participation in the H.C. Wainwright Global Investment Conference. The event will feature a presentation by CEO Gavin Michael, available on demand starting May 24 at 7:00 AM ET. Interested individuals can access the audio webcast through the investor relations section of the company website, with replays available post-event. Established in 2018 and based in Alpharetta, GA, Bakkt is a digital asset platform enabling users to buy, sell, and spend digital assets.
Bakkt Holdings, Inc. (NYSE: BKKT), a prominent digital asset platform, will participate in the Rosenblatt Securities Annual FinTech Summit on May 18 at 11:00 AM ET. The event features a panel discussion led by Gavin Michael, CEO of Bakkt. Those interested can tune into a live audio webcast via the investor relations section of their website, www.bakkt.com. Replays will be available after the event. Bakkt enables consumers to buy, sell, store, and spend digital assets, enhancing consumer spending and loyalty programs.
Bakkt Holdings, Inc. (BKKT) reported a strong first quarter, with net revenue reaching $12.5 million, up 54% year over year, driven by significant transaction growth. Despite a cash usage of $36.1 million during the quarter, the company holds over $355 million in available cash for growth initiatives. Digital asset conversion volume surged 91% year over year, attributed to increased loyalty redemptions amid rising airline travel. Operating expenses grew to $61.0 million, leading to a net loss of $43.3 million.
Bakkt Holdings, Inc. (NYSE: BKKT) and Global Payments (NYSE: GPN) have formed a strategic alliance to enhance digital asset utilization. This collaboration will enable cryptocurrency redemption in loyalty programs for bankcard clients and expand banking-as-a-service offerings. Additionally, Bakkt aims to partner with Global Payments for multinational merchant payment acceptance. This alliance is expected to amplify consumer spending and strengthen loyalty programs within the digital assets ecosystem.
Bakkt Holdings, Inc. (NYSE: BKKT) will release its Q1 2022 earnings on
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