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 digital asset infrastructure company that regularly issues news on its strategic initiatives, capital structure, and operating performance. Founded in 2018 and headquartered in New York, New York, Bakkt focuses on Bitcoin, tokenization, stablecoin payments, and AI-driven finance, and its news flow reflects this concentration on the digital asset economy and institutional-grade financial infrastructure.
On this page, readers can follow Bakkt’s announcements about acquisitions and strategic transactions, such as its agreement to acquire Distributed Technologies Research Ltd., a global stablecoin payment infrastructure provider. Updates also cover the company’s evolution into a pure-play digital asset infrastructure platform, including the completed sale of its Loyalty business and the framing of its three primary operating pillars: Bakkt Markets, Bakkt Agent, and Bakkt Global.
Bakkt’s news releases frequently address corporate governance and capital markets topics, including board appointments, capital structure simplification, and the transition to a single class of common stock through a holding company reorganization. Earnings-related news provides insight into how crypto market activity influences Bakkt’s revenue and adjusted performance metrics, as well as commentary on its strategic transformation and focus on trading, custody, and stablecoin and payments volume.
Investors and observers can also find regulatory and disclosure updates, such as the company’s use of its official X (formerly Twitter) account for Regulation FD purposes and its plans to operate under the name "Bakkt, Inc." while continuing to trade under the BKKT ticker. For anyone tracking developments in digital asset infrastructure, stablecoin settlement, and programmable finance, Bakkt’s news feed offers a centralized view of its key milestones and strategic direction.
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
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.
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