Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.

Bakkt Holdings, Inc.

Founded in 2018, Bakkt builds crypto technology that enables businesses to grow with the crypto economy. Through institutional-grade custody, trading, and onramp capabilities, our clients leverage technology that’s built for sustainable, long-term involvement in crypto.  With ways to activate crypto via SaaS or API, businesses can select the option that's best for their strategy.

IntercontinentalExchange

The Boston Consulting Group

SGH CAPITAL

CityBlock Capital

CMT Digital Ventures

Pantera Capital

PayU GPO

Goldfinch Partners

Ethos VC

M12 - Microsoft's Venture Fund

Bakkt

Swan Bitcoin and Bakkt Team Up to Provide Bitcoin Trading Across 49 U.S. States https://lnkd.in/eKwF3he7

Last chance to register for the webinar, "Crypto Meets Institutions: What Should Bitcoin ETF Providers Consider?" You'll hear from David Schwed of Halborn, Christine Sandler, finance and digital assets expert, and Andrew Sabola, Senior Director of Business Development at Bakkt, as they share insights on risk mitigation for ETF providers. Register now! https://lnkd.in/eAx7vz_U

Bakkt Shelf Registration Statement Declared Effective by the SEC: https://lnkd.in/eVAVMdzi

Crypto’s development into the institutional space brought long-awaited excitement and optimism to the market—but it also brings questions. On February 15 at 1pm ET, Bakkt will host David Schwed, COO of Halborn, Christine Sandler, finance and digital assets expert, and Andrew Sabola, Senior Director of Business Development at Bakkt, to discuss the crypto market’s infrastructure and risk mitigation tactics for ETF providers. Don’t miss this live webinar—register for your seat! https://lnkd.in/eAx7vz_U

Bakkt Issues Statement Regarding Recently Filed Amendments to Third Quarter Form 10-Q: https://lnkd.in/g8wyq4At

Across the globe, governments are demonstrating a growing interest in legislating the crypto space — implementing new guidelines and laying out comprehensive frameworks regulating cryptocurrency. 

Bakkt’s report, “The Global State of Crypto: A global analysis of markets and regulation”, delves into key areas of innovation and regulation as they exist in diverse international markets. Download the full report: https://lnkd.in/erZP2mmQ

We had a great time co-hosting with our Unchained friends last night — so many people showed up to hear more about Bakkt joining Unchained’s network of collaborative custody partners!

If you’re interested in securing bitcoin with Unchained through collaborative custody, reach out to us here: https://lnkd.in/ewvcHeeW
#bitcoin

Our CEO Gavin Michael explained to MarketWatch how the introduction of BTC ETFs in the U.S. has led to increased demand for digital assets custody, with various entities such as crypto miners, non-custodial exchanges, and financial institutions seeking custody services for different use cases.

Read more by Frances Yue: https://lnkd.in/eZUP32NA

Our Head of Institutional Solutions, Ray K. joined the Water Tower Hour podcast by Water Tower Research LLC to discuss Bakkt's custody capabilities and the recent SEC decision on Bitcoin ETFs. Check out the full episode: 
Apple: https://lnkd.in/gx2_86du
Spotify: https://lnkd.in/gFmEZvZE
Google: https://lnkd.in/g7e-VeZV
#crypto #technology #cryptocurrency #bitcoin

Last week we shared the exciting news that we’ve activated our crypto capabilities in several new international markets across Asia, Europe and LatAm. Check out this article from PYMNTS to learn more: https://lnkd.in/gS5ZHdKg

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-32.98M -	-79.61M 141.40%	-304.05M 281.94%	-1.99B 554.48%	-225.81M 88.65%
depreciation and amortization	87K -	7.97M 9,064.37%	14.93M 87.31%	25.35M 69.75%	13.93M 45.04%
deferred income tax		-354K -	11.73M 3,414.41%	-11.59M 198.82%	18.02M 255.43%
stock based compensation	10.67M -	11.65M 9.14%	79.79M 584.96%	32.11M 59.75%	15.45M 51.88%
change in working capital		10.77M -	-24.07M 323.59%	2.91M 112.09%	-18.02M 719.49%
accounts receivables		-264K -	-7.73M 2,829.55%	-7.16M 7.37%	-10.04M 40.09%
inventory		1.50M -	-12.88M 959.04%
accounts payables		16.08M -	3.56M 77.83%	744K 79.12%	-7.99M 1,173.25%
other working capital		-6.55M -	-7.02M 7.27%	9.33M 232.85%	18.02M 93.17%
other non cash items	-26.28M -	18.63M 170.90%	87.36M 368.84%	1.82B 1,987.53%	135.73M 92.56%
net cash provided by operating activities	-48.50M -	-30.94M 36.20%	-134.30M 334.07%	-117.60M 12.44%	-60.70M 48.39%
investments in property plant and equipment	-9.18M -	-20.57M 124.04%	-15.69M 23.73%	-30.54M 94.70%
acquisitions net		10.65M -	32.60M 206.01%	30.54M 6.30%	-47.90M 256.83%
purchases of investments		20.57M -	-1.99M 109.67%	-306.59M 15,322.18%	-61.83M 79.83%
sales maturities of investments		1.99M -	1.99M 0%	165.18M 8,208.60%	185.76M 12.47%
other investing activites	-31.77M -	-20.57M 35.25%	8K 100.04%	-30.54M 381,887.50%	-10.06M 67.05%
net cash used for investing activites	-40.95M -	-7.93M 80.64%	16.92M 313.36%	-171.96M 1,116.50%	65.97M 138.36%
debt repayment		-313K -	-501K 60.06%
common stock issued		37.80M -	312M 725.40%	2K 100.00%
common stock repurchased			-84.53M -	-2.59M 96.94%	-2.63M 1.86%
dividends paid
other financing activites		37.49M -	29.86M 20.35%
net cash used provided by financing activities		37.49M -	256.83M 585.11%	-2.58M 101.01%	-2.63M 1.93%
effect of forex changes on cash		191K -	-59K 130.89%	-850K 1,340.68%	436K 151.29%
net change in cash	-89.44M -	-1.19M 98.67%	316.47M 26,671.96%	-292.99M 192.58%	3.08M 101.05%
cash at beginning of period	182.58M -	93.13M 48.99%	91.94M 1.28%	408.42M 344.20%	115.42M 71.74%
cash at end of period	93.13M -	91.94M 1.28%	408.42M 344.20%	115.42M 71.74%	118.50M 2.66%
operating cash flow	-48.50M -	-30.94M 36.20%	-134.30M 334.07%	-117.60M 12.44%	-60.70M 48.39%
capital expenditure	-9.18M -	-20.57M 124.04%	-15.69M 23.73%	-30.54M 94.70%
free cash flow	-57.68M -	-51.51M 10.69%	-149.99M 191.19%	-148.14M 1.23%	-60.70M 59.03%

NYSE:BKKT

Bakkt Holdings, Inc.

Last Close

18.00

26/07 20:00

Market Cap

106.75M

Beta: 4.51

Volume Today

103.83K

Avg: 2.33M

PE Ratio

−0.29

PFCF: −3.79

Preview