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
revenue	-864K -	28.50M 3,398.03%	37.27M 30.81%	54.57M 46.40%	780.14M 1,329.68%
cost of revenue	31.64M -	58.63M 85.30%	175.10M 198.64%	167.61M 4.28%	834.49M 397.87%
gross profit	-32.51M -	-30.14M 7.29%	-137.83M 357.33%	-113.04M 17.98%	-54.35M 51.92%
selling and marketing expenses	534K -	4.90M 817.60%	18.80M 283.67%	-150.53M 900.70%	-77.43M 48.56%
general and administrative expenses	2.08M -	57.11M 2,641.77%	152.59M 167.19%	185.95M 21.86%	145.81M 21.59%
selling general and administrative expenses	2.62M -	57.11M 2,082.31%	152.59M 167.19%	185.95M 21.86%	68.38M 63.23%
research and development expenses		900K -	4M 344.44%	1.70M 57.50%
other expenses		21.84M -	35.29M 61.58%	45.94M 30.19%	-5.49M 111.96%
cost and expenses	35.59M -	78.95M 121.83%	187.88M 137.98%	231.89M 23.42%	908.36M 291.72%
operating expenses	3.95M -	78.95M 1,899.75%	187.88M 137.98%	231.89M 23.42%	73.87M 68.14%
interest expense			247K -	1.88M 659.92%
ebitda	-35.86M -	-13.63M 61.99%	-150.61M 1,004.82%	1.67B 1,210.81%	-114.29M 106.83%
operating income	-35.95M -	-79.12M 120.09%	-164.10M 107.41%	1.65B 1,104.06%	-128.22M 107.78%
depreciation and amortization	87K -	65.49M 75,172.41%	13.49M 79.40%	25.35M 87.94%	13.93M 45.04%
total other income expenses net	2.77M -	-95K 103.43%	-78.27M 82,285.26%	-3.65B 4,562.17%	-97.15M 97.34%
income before tax	-33.17M -	-79.21M 138.78%	-242.36M 205.96%	-2.00B 725.73%	-225.37M 88.74%
income tax expense	199K -	391K 96.48%	295K 24.55%	-11.32M 3,937.29%	444K 103.92%
net income	-32.98M -	-79.61M 141.40%	-242.66M 204.83%	-1.99B 720.06%	-74.85M 96.24%
weighted average shs out	582.50M -	25.92M 95.55%	57.16M 120.53%	71.17M 24.50%	89.08M 25.17%
weighted average shs out dil	582.50M -	25.92M 95.55%	57.16M 120.53%	71.17M 24.50%	89.08M 25.17%
eps	-0.06 -	-3.07 5,324.03%	-4.24 38.11%	-27.96 559.43%	-0.84 97.00%
epsdiluted	-0.06 -	-3.07 5,324.03%	-4.24 38.11%	-27.96 559.43%	-0.84 97.00%

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