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Bakkt Holdings, Inc. - $BKKT STOCK NEWS

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.

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.

Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-7.38%
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conferences
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
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Rhea-AI Summary
PublicSq. announced the appointment of Senator Kelly L. Loeffler to its Board of Directors. Loeffler brings extensive experience in Wall Street, the public sector, and entrepreneurship. She will support PublicSq. in its mission to serve millions of Americans and small business owners. Loeffler's appointment demonstrates the company's ability to attract top talent and grow its untapped marketplace.
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Rhea-AI Sentiment
End-of-Day
2.37%
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management
Rhea-AI Summary
Bakkt Holdings, Inc. will release its Q2 2023 earnings on August 10, 2023, and host a conference call to review the results. Investors and analysts can participate by dialing (833) 470-1428 or (404) 975-4839. A replay will be available. Stockholders can submit questions prior to the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.74%
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Rhea-AI Summary
Bakkt releases findings from its U.S. Consumer Crypto Sentiment Study, revealing that overall purchase considerations for crypto owners remain steady at 84%. Interest among the Crypto Curious has decreased to 27%. Regulation is noted as the most prominent driver of rekindling interest in crypto. Security and regulation concerns remain high for both Crypto Owners and the Crypto Curious. Fintech providers are seen as safer and more trusted than traditional crypto exchanges.
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-3.4%
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Rhea-AI Summary
Bakkt Holdings, Inc. (NYSE: BKKT) will participate in the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2023. The President and CEO, Gavin Michael, will participate in a fireside chat at 10:40 AM ET. The presentation can be accessed via live audio webcast on the company's website at www.bakkt.com.
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10.08%
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News
Rhea-AI Summary
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-5.84%
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Bakkt Holdings, Inc.

NYSE:BKKT

BKKT Rankings

BKKT Stock Data

71.27M
139.05M
18.95%
21.4%
5.67%
Software Publishers
Information
Link
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.