Welcome to our dedicated page for Bakkt news (Ticker: BKKT), a resource for investors and traders seeking the latest updates and insights on Bakkt stock.
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.
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.
Bakkt Holdings, Inc. (NYSE: BKKT), a leading digital asset platform, announced participation in two investor conferences in March 2022. Management will attend the Jefferies Payments & FinTech Summit on March 1, 2022, and the Keefe, Bruyette & Woods Fintech & Payments Conference on March 3, 2022, featuring a fireside chat with CEO Gavin Michael at 1:55 PM ET. Interested investors can access a live webcast of the Keefe presentation on the company's website, with replays available afterward.
Bakkt Holdings reported Q4 2021 net revenue of $13.7 million, a 45% increase year-over-year. 2022 projections estimate revenue growth to $60-$80 million. The company emphasizes strong growth in crypto services and partnerships with banks and loyalty programs. Despite significant non-cash charges related to their business combination, Bakkt holds over $390 million in cash for expansion. Notable partnerships include Manasquan Bank and Wyndham Rewards. Operating losses were substantial, reflecting the costs of business combination activities.
Bakkt Holdings has released its "Bakkt Loyalty and Rewards 2022 Outlook Study," revealing key trends in consumer attitudes towards crypto rewards. The study, which surveyed 1,000 U.S. consumers, indicates a significant shift: 72% of recent crypto buyers are open to redeeming loyalty points for cryptocurrency. About half prefer earning crypto over traditional points. High-income consumers (58% of those earning over $100,000) show strong interest in crypto rewards. This growing consumer interest indicates a transformative trend in loyalty programs, emphasizing the importance of crypto education to bridge understanding gaps.
Bakkt Holdings, Inc. (NYSE: BKKT) has announced a partnership with Valliance Bank to provide bank customers with access to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum through the bank's mobile app. This partnership aims to simplify cryptocurrency access within a trusted banking environment, leveraging Bakkt's secure crypto connect solution. Valliance Bank has over $580 million in assets and operates in Oklahoma and Texas, with plans to integrate Bakkt's offering in Q2 2022.
Bakkt Holdings, Inc. (NYSE: BKKT) announced preliminary financial results for Q4 2021, reflecting the impacts of its business combination with VPC Impact Acquisition Holdings that closed on October 15, 2021.
Intercontinental Exchange (NYSE: ICE) anticipates a $92 million loss related to its equity investment in Bakkt for the same period. Bakkt expects a pre-tax loss between $150 million and $155 million, including non-cash charges of $45-$50 million for compensation and $79 million for mark-to-market expenses. Final Q4 results will be disclosed on February 17, 2022.
Bakkt Holdings, Inc. (NYSE: BKKT) will release its fourth quarter and full year 2021 earnings on February 17, 2022, before market open. A conference call is scheduled for 9:00 a.m. EST on the same day for management to discuss results and answer questions. To enhance shareholder engagement, a Q&A platform developed by Say Technologies will allow verified shareholders to submit and upvote questions from February 10 to February 16. Details for call attendance and replay options are provided via their investor relations section.
Bakkt Holdings (NYSE: BKKT) announced that Hanover Community Bank has joined its early adopter program, allowing bank customers to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum via the bank's mobile app. This partnership aims to lower barriers for clients interested in cryptocurrency investments. Hanover Bank, operating with $1.5 billion in total assets, emphasizes technological advancement for superior client service. Bakkt's crypto connect solution is expected to launch in Q2 2022, pending integration with the bank's systems.