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Bakkt Holdings Inc (BKKT) delivers institutional-grade digital asset solutions through its regulated technology platform. This news hub provides investors and market observers with essential updates about the company's cryptocurrency custody services, loyalty program innovations, and strategic partnerships.
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Discover press releases covering new product launches, compliance milestones, and market expansion initiatives. All content is sourced directly from official company communications to maintain accuracy and timeliness.
Bookmark this page for streamlined access to Bakkt's evolving position in digital finance. Check regularly for insights into how the company addresses challenges in asset security, liquidity management, and cross-platform integration.
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.
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.
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