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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.
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Bakkt Holdings, Inc. issued amendments to its Form 10-Q for the quarter ended September 30, 2023, including updates to the description of its business and risk factors. The amendments also included a risk factor relating to its ability to continue as a going concern. Management remains confident despite the risks.
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Bakkt Holdings, Inc. (NYSE: BKKT) has expanded its crypto trading capabilities in several new international markets, including Latin America and Asia. The company has activated crypto trading in Brazil, Guatemala, Spain, Hong Kong, and Singapore, in collaboration with existing clients Hapi and SogoTrade. Bakkt plans to further expand its crypto trading capabilities in additional international markets in the near future. This expansion is part of the company's key priority to enhance financial inclusivity and connect communities within the global economy. CEO Gavin Michael emphasized the company's focus on international expansion and the growing crypto economy in new Asian markets.
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Bakkt Holdings, Inc. (NYSE: BKKT) has relaunched its Bakkt® Custody platform, offering enhanced capabilities, a revitalized interface, and expanded coin custody capabilities. The platform provides segregated on-chain wallet addresses, configurable security processes, and advanced reporting features. Bakkt Trust Company LLC operates the institutional-grade platform, ensuring reliable infrastructure, insurance protection, and comprehensive security and operational controls. The company plans to add 6 additional tokens to the platform, bringing the total to 8 coins, and has received recognition as the Best Digital Assets Custodian by The Digital Banker.
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18.76%
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Bakkt Holdings, Inc. (BKKT) announced Q3 2023 financial results, including total revenues of $204.8M, international expansion plans, and updated 2023 and preliminary 2024 outlook. Key highlights are the expansion in new international markets, strong client execution, and updated financial guidance. The company aims to enhance crypto trading, custody, and Lightning Network capabilities.
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Bakkt Holdings, Inc. (NYSE: BKKT) plans to expand its crypto capabilities into Latin American, European, and Asian markets by year-end. This includes partnerships with Hapi and 3.0verse in Latin America, Spain in Europe, and various Asian markets. The company also continues to expand domestically with institutionally-backed clients. Bakkt will release its third-quarter 2023 earnings on November 14, 2023.
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Bakkt Holdings, Inc. (BKKT) to participate in 6th Blockchain & Digital Assets Summit, with President and CEO Gavin Michael speaking on 'The Future of Digital Assets in Retail' panel. One-on-one investor meetings to be held. Live webcast and replay available on www.bakkt.com.
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Bakkt Holdings, Inc. (NYSE: BKKT) will release its Q3 2023 earnings on November 14, 2023, before market open. A conference call will be held at 9:00 a.m. ET on the same day to review the results. Investors and analysts can participate by dialing (833) 470-1428 or (404) 975-4839. A replay will be available by dialing (866) 813-9403. Stockholders can submit questions prior to the earnings call through a designated platform.
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Bakkt Holdings, Inc. (NYSE: BKKT) will participate in three investor forums in September, including the Needham Virtual Crypto Conference, H.C. Wainwright Global Investment Conference, and Rosenblatt Global Exchange Leader Conference. CEO Gavin Michael will be presenting and participating in panel discussions. Interested parties can access live webcast presentations on the company's website.
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BKKT - Bakkt Holdings, Inc. reports Q2 2023 results, including the acquisition of Apex Crypto rebranded as Bakkt Crypto Solutions. Gross crypto services revenues of $335.3 million, partially offset by crypto costs and execution fees of $334.0 million. Total revenues of $347.6 million include gross crypto revenues and net loyalty revenues. Operating expenses of $398.7 million include crypto costs, execution, and brokerage fees, as well as acquisition-related expenses. Updated full year 2023 outlook reflects impact from Apex Crypto acquisition and current macroeconomic environment. Operating cash flow usage for full year 2023 expected to be $78-84 million, down over 20% from previous guidance.
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Bakkt Holdings, Inc.
NYSE:BKKT
BKKT Rankings
BKKT Stock Data
40.73M
139.05M
18.95%
21.4%
5.67%
Software Publishers
Information
United States of America
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.