Bakkt (BKKT)

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Bitcoin Holds 2-Month High Above $120k, This Crypto Stock Soars 150%
Investors· 2025-10-03 11:54
Group 1 - Tesla achieved record deliveries of 497,099 vehicles in Q3, indicating strong demand and operational efficiency [1] - Bitcoin prices surged to approximately $119,750, marking a 7% increase, the highest level since mid-August [1] - Bakkt Holdings, a bitcoin and crypto infrastructure provider, experienced a significant price increase of 150% this week, reflecting growing interest in cryptocurrency [1] Group 2 - The Dow Jones index rose as the U.S. government shutdown led to the suspension of economic data, impacting market sentiment [2] - Bakkt Holdings received a Relative Strength (RS) rating of 96, indicating strong market performance [4] - Coinbase stock faced resistance as Bitcoin approached $112,000, raising questions about its investment viability [4]
Bakkt Completes the Sale of Loyalty Business, Accelerating Transformation into a Pure-Play Digital Asset Infrastructure Platform
Businesswire· 2025-10-01 13:53
NEW YORK--(BUSINESS WIRE)--Bakkt Holdings, Inc. ("Bakkt†or the "Company†) (NYSE: BKKT) announced today that it has completed the sale of its Loyalty business to Project Labrador Holdco, LLC, a wholly owned subsidiary of Roman DBDR Technology Advisors, Inc. This milestone marks the Company's full transition to a pure-play digital asset infrastructure platform, aligned with its mission to build the backbone of next-generation financial markets. "The sale of Loyalty is a defining inflection point. ...
Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40
Yahoo Finance· 2025-09-30 16:28
Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally after Benchmark Company more than tripled its one-year price target on the provider of digital asset services to $40. The investment bank noted growth potential in Bakkt's three main businesses—crypto infrastructure, stablecoin payments, and crypto infrastructure—and its Bitcoin treasury, and called the stock's 170% price jump over a two-week period earlier this month "a validation of the moves" the company's CEO Akshay Naheta ha ...
Bakkt Shares Still Look Cheap After 170% Rally: Benchmark
Yahoo Finance· 2025-09-30 12:55
Bakkt (BKKT) may have surged 170% in just two weeks, but one Wall Street firm says the rally hasn’t erased the stock’s upside potential. Broker Benchmark raised its price target on the crypto infrastructure company to $40 from $13, while reiterating its buy rating on the stock. The shares were 2% higher in early trade, around $26. Even after the run-up, Bakkt trades at just 9.9 times estimated 2026 earnings before interest, taxes, depreciation and amortization (EBITDA), according to Benchmark analyst Mar ...
Bakkt Stock Is Surging on a New Board Appointment. Does That Make BKKT a Buy Here?
Yahoo Finance· 2025-09-22 19:34
Core Viewpoint - Bakkt Holdings (BKKT) shares surged over 45% following the appointment of fintech veteran Mike Alfred to its board, reflecting investor optimism about the company's strategic direction in digital assets and AI [1][3]. Group 1: Appointment of Mike Alfred - Mike Alfred's appointment is seen as a strategic move, aligning with Bakkt's focus on digital asset trading, stablecoin payments, AI-powered finance, and Bitcoin adoption [3]. - Alfred's background includes founding successful fintech ventures, which may enhance Bakkt's governance and expertise [1][4]. Group 2: Stock Performance - Following Alfred's appointment, Bakkt stock has increased over 90% from its August low, indicating strong market interest [2]. - Despite the recent surge, the stock is still viewed with caution due to the volatile nature of the digital asset market [5]. Group 3: Financial Performance - Bakkt has not yet turned a profit, reporting a net loss of over $30 million in its latest quarter, which raises concerns about its financial stability [6]. - The lack of coverage from Wall Street analysts contributes to a perception that BKKT shares may not be particularly attractive for investment [8]. Group 4: Market Sentiment - The market reaction to Alfred's appointment appears to be driven more by sentiment rather than fundamental changes in the company's competitive position [5]. - The only analyst rating on BKKT shares suggests a price target of $13, indicating potential downside from current levels [8].
X @The Block
The Block· 2025-09-22 18:36
Bakkt stock jumps over 40% after naming crypto vet Mike Alfred to board https://t.co/sxivEjpyEr ...
Bakkt Adds Fintech Veteran Mike Alfred To Board, Stock Jumps
Yahoo Finance· 2025-09-22 14:21
Core Insights - Bakkt Holdings Inc. appointed fintech entrepreneur Mike Alfred to its board of directors to enhance governance and position for growth in digital assets and financial technology [1][2] - CEO Akshay Naheta emphasized that Alfred's experience in fintech and digital assets will be crucial for advancing Bakkt's strategy and building next-generation financial infrastructure [2] Company Developments - Alfred co-founded BrightScope and Digital Assets Data, both of which were acquired, and currently leads Alpine Fox LP, focusing on Bitcoin and AI-related equities [2] - Alfred's role at IREN, a data center developer for Bitcoin and AI operations, aligns with Bakkt's strategy to serve institutions in digital asset trading, stablecoin payments, AI-powered finance, and Bitcoin adoption [3][4] Market Reaction - Following the announcement of Alfred's appointment, Bakkt's shares increased by 24.65%, reaching $13.00 [5]
Bakkt shares surge in pre-market after appointing IREN’s Mike Alfred to Board
Yahoo Finance· 2025-09-22 12:37
Core Viewpoint - Bakkt Holdings has appointed fintech veteran Mike Alfred to its board to enhance governance and accelerate its initiatives in next-generation financial infrastructure, focusing on digital asset trading and related services [1][2]. Group 1: Company Developments - Mike Alfred's appointment is aimed at supporting Bakkt CEO Akshay Naheta in executing the company's growth roadmap, leveraging Alfred's reputation in the digital asset ecosystem to deliver long-term shareholder value [2]. - Bakkt, founded in 2018 and headquartered in New York, offers institutional-grade trading and on-ramp solutions for digital assets, expanding its product suite across futures, custody, and payments [3]. Group 2: Market Reaction - Following the announcement of Mike Alfred's appointment, BKKT shares experienced a 40% increase during pre-market hours [4].
Bakkt Holdings Acquires bitcoin.co.jp Domain
Businesswire· 2025-09-17 23:28
Core Viewpoint - Bakkt Holdings, Inc. has chosen to acquire the domain www.bitcoin.co.jp instead of www.bitcoin.jp, believing it to be the premier domain name suffix for Japan, similar to the ".com" domain in other parts of the world [1] Company Summary - Bakkt was founded in 2018 and focuses on building solutions that enable clients to grow within the crypto economy [1]
Bakkt Eliminates All Remaining Long-term Debt
Businesswire· 2025-09-15 15:58
Core Viewpoint - Bakkt Holdings, Inc. has redeemed its outstanding 0.00% convertible debenture due June 18, 2026, eliminating all remaining long-term debt, which strengthens the company's financial position [1] Financial Position - The redemption of the debenture, originally issued in June 2024, has satisfied all obligations in full [1] - Bakkt now has no outstanding long-term debt obligations, enhancing its balance sheet flexibility [1]