Bakkt, Inc. develops regulated financial technology infrastructure for institutions, fintech platforms, and consumer finance products participating in digital assets and programmable finance. Its operating pillars include Bakkt Markets for regulated market access, trading infrastructure, and liquidity; Bakkt Agent for programmable money movement and financial services; and Bakkt Global for international financial infrastructure.
Bakkt news commonly covers operating and financial results, shareholder letters, strategic updates, partnerships with digital asset platforms, and capital-structure actions. Company updates also address digital asset trading access, Bitcoin and tokenization infrastructure, stablecoin payments, AI-enabled finance, cross-border payment capabilities, and regulatory foundations such as U.S. money transmitter coverage and a New York BitLicense.
Opendoor Technologies (Nasdaq: OPEN) appointed Mike Alfred to its Board of Directors, effective immediately, with a seat on its Nominating and Corporate Governance Committee.
Alfred is founder and managing partner of Alpine Fox LP, a private investment partnership that holds Opendoor shares. He has served on IREN’s board since 2021 and Bakkt Holdings’ board since 2025. He previously co-founded and led Digital Assets Data until its sale in 2020, and BrightScope from 2008 until its acquisition in 2016.
Bakkt (NYSE: BKKT) will release its third quarter 2026 financial results after market close on November 9, 2026. Management will host a conference call at 5:00 PM EST that day to review results and answer questions. A live webcast, archived recording and related earnings materials will be available in the investor relations website's News & Events section.
Bakkt (BKKT) selected Thredd to support a planned U.S. credit card-as-a-service program designed to settle payments in stablecoins, a type of digital asset.
Thredd will provide card processing and integrated credit infrastructure for consumer credit products issued by partner banks. The partnership is intended to extend Bakkt’s settlement infrastructure into everyday spending. An initial proof of concept is targeted for the first half of 2027, rather than a commercial launch. The program has not launched and remains subject to product readiness, client launch timing, bank and network requirements, applicable approvals and partner agreements.
Rithm Capital (RITM) has appointed Ann DeVries as Head of Investor Relations. She will lead development and execution of the investor relations strategy, manage engagement with shareholders and sell-side analysts, and communicate the company’s business model, financial performance and long-term priorities alongside senior leadership.
DeVries has over 25 years of experience in investor relations and strategic finance, including senior IR roles at Banc of California, Bakkt, and JPMorgan Chase.
Bakkt (BKKT) expanded its global commercial organization and raised its full-year 2026 Total Transacting Volume (TTV) target from approximately $2.5 billion to approximately $3 billion as it scales its payments and digital asset infrastructure platform.
New senior hires include Aman Ghose as Senior Vice President, Institutional Partnerships & Growth; Mark Hiriart as Global Head of Markets; and Dean Salmon as Vice President, U.S. Sales. The enlarged team is tasked with accelerating commercialization of Bakkt’s existing products, deepening distribution partnerships and driving adoption across new industries and geographies.
Bakkt is developing sector-specific product suites for high-volume industries such as energy, metals and agriculture, combining stablecoin payments, digital asset infrastructure, brokerage, settlement and distribution. Management is not issuing 2027 guidance but believes successful launches could materially increase platform transaction activity versus 2026.
Bakkt (NYSE: BKKT) appointed Matt White as Chief Financial Officer, effective August 17, 2026, succeeding Karen Alexander, who stepped down on August 14, 2026 and will remain as an adviser to support the transition. White joins as Bakkt emphasizes technology-enabled financial infrastructure, AI and disciplined capital allocation for its next phase of global growth.
White has over 20 years of public company finance experience in technology, payments, capital markets and corporate strategy, most recently serving more than seven years as CFO and Corporate Secretary of CoreCard (NYSE: CCRD), including during its acquisition by Euronet Worldwide in October 2025. In connection with his appointment, he will receive a one-time grant of 90,000 RSUs and 60,000 stock options with a $10.00 exercise price, vesting over three years, granted as inducement awards under NYSE rules without shareholder approval.
Bakkt (NYSE: BKKT) reported Q2 2026 GAAP net income of $80.8 million, or $1.96 per basic share, versus a prior-year loss, driven largely by a $98.5 million non-cash fair value gain on Transchem warrants. Total revenue was $170.1 million, down 70% year over year, closely matched by $169.3 million of crypto and execution-related costs.
Operating expenses were $189.8 million; excluding crypto costs and fees, they were $20.5 million, including a $1.2 million impairment and $1.1 million of depreciation and amortization. Adjusted EBITDA loss was $11.8 million, compared with a $9.8 million loss in Q2 2025. Cash, cash equivalents and restricted cash rose to $50.7 million with no long-term debt, supported by equity raises totaling about $69.6 million in H1 2026. Bakkt recorded Total Transacting Volume of $168.8 million in Q2 and $410.0 million in H1 2026, launched six live Bakkt Markets offerings, and carried its Transchem warrant position at a fair value of $107.9 million as of June 30, 2026.
Bakkt (NYSE:BKKT) plans to release its second quarter 2026 financial results after market close on Monday, August 10, 2026. Management will host a conference call and live webcast at 5:30 PM EDT that day, with the webcast and related earnings materials archived on Bakkt's investor relations website.
Bakkt (NYSE: BKKT) received required Indian regulatory approvals for its previously announced strategic investment in Transchem Limited (BSE: 500422). Following approval, Transchem allotted 47,500,000 warrants to Bakkt, for which Bakkt paid approximately $9.4 million, representing 25% of the total subscription amount.
Transchem is evaluating opportunities to expand in India’s financial services sector, including a potential acquisition of a SEBI-regulated stockbroking and depository participant business, which would be subject to customary approvals. Bakkt plans to provide further updates as additional milestones are achieved.
Bakkt (NYSE: BKKT) reported Q1 2026 revenue of $243.6 million, down from $1,065.8 million in Q1 2025. Total operating expenses were $260.5 million. Net loss attributable to Bakkt was $11.7 million and Adjusted EBITDA loss was $13.7 million.
Cash and restricted cash were $82.6 million with no long-term debt. Bakkt completed the all-stock acquisition of DTR, issuing 11.3 million Class A shares (plus potential 0.7 million). It also signed a Zoth MoU targeting $1 billion TPV and appointed Daniel Ishag as Chief Commercial Officer.