Bakkt Holdings Inc - BKKT STOCK NEWS

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 May 12, 2022, before market open. A conference call will be held at 9:00 a.m. EDT for discussions and Q&A. Investors can join by calling (844) 200-6205 or (646) 904-5544 with access code 948814. A replay will be available until June 11, 2022. Additionally, shareholders can submit questions starting May 5 through a designated platform for management to address during the call.

Bakkt Holdings, Inc. (NYSE: BKKT) has appointed De’Ana Dow and Jill Simeone to its Board of Directors, expanding its board to ten members. Dow, partner and general counsel at Capitol Counsel, brings extensive expertise in financial markets and regulatory matters, having worked with the Commodity Futures Trading Commission. Simeone, Chief Legal Officer at Etsy (NASDAQ: ETSY), has significant experience in corporate governance and risk management. The addition is expected to enhance Bakkt's strategic initiatives and deepen the board's expertise in financial and retail sectors.

Bakkt Holdings (NYSE: BKKT) announced a partnership with American Bank to enhance digital banking services by integrating the Bakkt® crypto connect solution. This initiative will allow American Bank's customers to buy, sell, and hold bitcoin and Ethereum. The service aims to capitalize on the growing consumer interest in cryptocurrency, as a recent study indicates that over half of cryptocurrency holders prefer to access it through their bank. The launch is anticipated in Q2 2022.

Bakkt Holdings (NYSE: BKKT), a digital asset platform, will participate in the Barclays Crypto and Blockchain Summit on March 29-30, 2022. CEO Gavin Michael is set to engage in a fireside chat on March 30 at 8:40 AM ET. Interested parties can listen via a live audio webcast on www.bakkt.com, with replays available post-event. Bakkt enables consumers to buy, sell, and spend digital assets, enhancing consumer spending and loyalty programs.

Bakkt Holdings (NYSE: BKKT) released its "Women & Crypto" study, revealing insights into women's perceptions and barriers to cryptocurrency ownership. The study highlights that 52% of women hesitating to invest cite a lack of understanding of crypto and not knowing how to start. Notably, 70% of women rate their crypto knowledge as low. In contrast, once women invest, their confidence increases significantly. The study shows that new pathways like gifting crypto or redeeming loyalty points are appealing to both genders, suggesting a growing momentum for women's crypto adoption.

Bakkt Holdings, Inc. (NYSE: BKKT) will participate in two investor conferences in March 2022. The first is the JMP Securities Technology Conference on March 7, featuring a fireside chat with CEO Gavin Michael at 5:00 PM ET. The second is the Wolfe Research FinTech Forum on March 10, where Michael will participate in a crypto panel discussion at 12:00 PM ET. Live webcasts of both events can be accessed through Bakkt’s website, with replays available afterwards.