Wall Street’s crypto infrastructure darling, Bakkt, has struggled to lock onto a viable product offering, and recently warned stockholders that it might not survive. Another pivot is underway.By Nina Bambysheva, Forbes StaffWhen Bakkt launched in 2018, the markets were ecstatic. “Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is now in the bitcoin business,” read the MIT Technology Review. Fortune predicted Bakkt would bring bitcoin to your 401(k). The promise was that ownership ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) and Swan Bitcoin (“Swan”) today announced that the companies have enabled Bitcoin trading across 49 U.S. states together. Bakkt provides Swan with a breadth of Bitcoin services, including fiat onboarding, Bitcoin trading, and custody. “ We are thrilled to be taking this exciting step forward in our partnership with Swan,” said Gavin Michael, CEO of Bakkt. “ This is just the beginning of our collaboration, as we intend to explore ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) announced that its “universal shelf” registration statement on Form S-3 was declared effective by the Securities and Exchange Commission (the "SEC") on February 14, 2024. This registration statement allows Bakkt, so long as it is effective, to raise up to an aggregate of $150 million of capital in one or more offerings over the subsequent three years. If Bakkt decides to raise capital in a future offering using such registration s ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) issued the following statement regarding the recently filed amendments to its Form 10-Q for the quarter ended September 30, 2023. On Wednesday, we filed amendments to our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 (the “Amended Form 10-Q”), to provide, among other things, further updates to the description of our business and the related risk factors, including those that may result from chang ...

Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future.Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its quarterly report with the United States Securities and Exchange Commission. Despite initial aspirations to facilitate Bitcoin transactions for Starbucks customers, ...

Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore.This expansion broadens Bakkt’s footprint in Latin America and marks its entry into Asia, the provider of custody, trading and onramp capabilities for the crypto economy said in a Wednesday (Jan. 24) press release.In Brazil, Guatemala and Spain, Bakkt is working with stock trading platform Hapi, according to the release. Together, the companies now offer active crypto trading capabilities in those countri ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today its activation of crypto capabilities in several new international markets in Asia, Europe, North America and South America with existing clients Hapi and SogoTrade. Bakkt and stock trading platform Hapi have broadened their active crypto trading capabilities throughout Latin America, now live in Brazil and Guatemala, as well as Spain. This furthers their working relationship, building on already-live capabilities in Argent ...

Third Quarter 2023 Earnings This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the impacts from the Apex Crypto acquisition and Bakkt's guidance, plans, objectives, expectations and intentions with respect to future operations, products, services and the application of Bakkt's available cash ...

Bakkt Holdings, Inc. (NYSE:BKKT) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants Ann DeVries - Head, IR Gavin Michael - CEO Karen Alexander - CFO Conference Call Participants Andrew Bond - Rosenblatt Securities Peter Christiansen - Citi John Roy - Water Tower Research Operator Greetings, and welcome to the Bakkt Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now turn it over to Ann DeVries ...

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