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Bakkt Holdings Inc - BKKT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bakkt Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bakkt Holdings's position in the market.

News
Bakkt Announces Reverse Stock Split
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.13%
Tags
stock split
-
News
Bakkt Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.88%
Tags
earnings
-
News
Bakkt Announces Leadership Transition
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
management
News
Bakkt Notified by NYSE of Non-Compliance with NYSE Trading Share Price Listing Rule
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.52%
Tags
none
-
News
Bakkt Now Available Through Unchained’s Collaborative Custody Network
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
none
-
News
Bakkt Announces $40 Million Registered Direct Offering with Institutional Investors and $10 Million Concurrent Registered Direct Offering
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.14%
Tags
offering
News
Bakkt Announces Preliminary 2023 Financial Results; Preliminary Estimates Within Previously Provided Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-43.14%
Tags
earnings
-
News
Bakkt Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
earnings
-
News
Swan Bitcoin and Bakkt Team Up to Provide Bitcoin Trading Across 49 U.S. States
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
News
Bakkt Shelf Registration Statement Declared Effective by the SEC
Rhea-AI Summary
Bakkt Holdings, Inc. announced the effectiveness of its 'universal shelf' registration statement on Form S-3 by the SEC, allowing the company to raise up to $150 million over three years. The flexibility of this registration will benefit Bakkt in future capital raising endeavors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.85%
Tags
none
Stock BKKT logo
Bakkt Holdings Inc

NYSE:BKKT

BKKT Rankings

#4672 Ranked by Market Cap
#4812 Ranked by Stock Gains
N/A Ranked by Dividends

BKKT Stock Data

132.95M
139.05M
18.95%
21.4%
5.67%
Software Publishers
Information
Link
US
Alpharetta

About BKKT

bakkt unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. we began in 2018 with the vision to bring trust and transparency to digital assets. through the bakkt warehouse and bakkt® bitcoin futures and options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. for consumers, bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. merchants within the bakkt ecosystem see a lower cost of payment acceptance, enhanced customer engagement, and decreased loyalty liability through a variety of redemption options.