Bakkt Reports First Quarter 2024 Results ALPHARETTA, GA – May 15, 2024 – Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE: BKKT) announced its financial and operational results for the quarter ended March 31, 2024. "We made solid progress on our key priorities in the first quarter driven by robust crypto trading activity across our platforms and the successful execution of the next phase of our cost restructuring initiative. We managed to significantly reduce our net loss by approximately 53% from same ...

Bakkt is cutting staff after warning earlier this year about the future of the company.The cryptocurrency platform said in a securities filing Friday (May 3) that it is laying off 28 workers, or 13% of its non-call center staff.“The reduction in force is a component of a broader strategic review of the company’s operations that is intended to more effectively align resources with business priorities,” the filing with the Securities and Exchange Commission (SEC) said.The document also notes that Charles Good ...

Bakkt (NYSE:BKKT) stock has been on a wild ride recently as the company’s shares underwent a reverse stock split last week.That reverse stock split took place when markets closed on Friday. As a result, traders are starting to see the effects of this split on Monday morning. That’s resulted in some massive jumps and drops in price as exchanges adjust their prices.The BKKT reverse stock split has Bakkt consolidate 25 shares of its stock into a single share. The company underwent a reverse stock split to boos ...

Company Participants Andrew Bond - Rosenblatt Securities Peter Christiansen - Citi John Roy - Water Tower Research Ann DeVries Bakkt Holdings, Inc. (NYSE:BKKT) Q4 2023 Earnings Call Transcript March 25, 2024 5:00 PM ET Conference Call Participants Greetings, and welcome to the Bakkt Quarter Fourth and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is bein ...

Unless the context otherwise provides, "we," "us," "our," "Bakkt" and like terms refer to Bakkt Holdings, Inc. and its subsidiaries. Perspectives on the Business CEO perspectives on the business Our products and secure platform are in a good place Our company is at an inflection point We are laser focused on enhancing shareholder value We are well-positioned to capitalize on crypto market opportunities Continuing to build business momentum and executing to scale the business efficiently will drive us toward ...

Bakkt Loyalty Solutions: We operate our Loyalty Solutions business primarily in the United States and in Canada under the legal entities Bridge2 Solutions, LLC, Bridge2 Solutions Canada Ltd and Aspire Loyalty Travel Solutions, LLC. This business enables clients (including financial institutions, airlines and other loyalty sponsors) to enable their customers - who hold their loyalty points - to redeem those points for items including travel and merchandise. To that end, our Loyalty Solutions business enables ...

Exhibit 99.1 Quarterly gross crypto services revenues of $199.4 million and associated crypto costs and execution, clearing and brokerage fees of $197.8 million Quarterly total operating expenses of $293.0 million. Quarterly operating expenses excluding crypto costs, execution, clearing and brokerage fees and goodwill, intangible and long-lived assets impairments were $27.8 million, down 55% year-over-year Expansion of institutional crypto capabilities with recent launch of Collaborative Custody and expecte ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that Andy Main has been appointed President and Chief Executive Officer, effective March 26, 2024. He will succeed Gavin Michael, who is stepping down to pursue other opportunities. Michael will serve in an advisory role through March 2025 to assist in the leadership transition and advise the Board and executive team on strategic matters. Andy Main has served on Bakkt’s Board of Directors since its public listing in 2021 an ...

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt”) (NYSE: BKKT) today announced that the company is available now as a key agent for Unchained’s enterprise collaborative custody product. This collaborative model helps bitcoin holders increase security when safeguarding their assets through the use of a vault secured by multiple institutional key agents. As a part of the network, Bakkt will serve as an institutional signatory for Unchained customers' multi-signature vaults. “ Secure and regula ...

The fundraise comes after dire warnings of insolvency at Wall Street’s once-hot crypto infrastructure play.SOPA Images/LightRocket via Getty ImagesCrypto infrastructure firm Bakkt completed two securities purchase agreements collectively worth $32.4 million on Monday after it warned investors of a cash crunch last month.The first transaction involved the issuance of approximately 35 million shares of Bakkt’s Class A common stock and pre-funded warrants at about 87 cents per share in a registered direct offe ...