Bakkt Reports Second Quarter 2024 Results $509.9 million total revenues including gross crypto revenues and net loyalty revenues $36.8 million operating expenses excluding crypto costs, execution, clearing and brokerage fees, down 43.1% year-over-year, 24.6% sequentially ALPHARETTA, GA – August 14, 2024 – Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE: BKKT) announced its financial and operational results for the quarter ended June 30, 2024. CEO Comments: "We continue to make solid progress against o ...

Bakkt Holdings, Inc. (BKKT) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones: Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or ...

Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. This has been a hectic year for Bakkt, which in February said in an U.S. Securities and Exchange Commission (SEC) filing that it might not be able to continue as a "going concern." "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 company said in a filing with the SEC. The Bloomberg report note ...

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Bakkt aims to take advantage of the opportunity this presents by developing a "foreign exchange-style" electronic communication network (ECN) called BakktX that will be designed as a crypto trading venue for institutions and will provide high performance, low latency and low cost, the presentation said. The BakktX trading venue will execute trades in real time, leverage Bakkt's network of liquidity relationships and have a low fee structure meant to incentivize trading volumes, per the presentation. "We bel ...

Bakkt Holdings, Inc. (NYSE:BKKT) Q1 2024 Results Conference Call May 15, 2024 5:00 PM ET Company Participants Olivia Keavey - Senior Lead of Communications Andy Main - CEO Karen Alexander - CFO Conference Call Participants John Roy - Water Tower Research Trevor Williams - Jefferies Operator Greetings, and welcome to the Bakkt First Quarter 2024 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, ...

There were no participation units granted during the three months ended March 31, 2023. We made cash payments of less than $0.1 million to settle vested participation units during the three months ended March 31, 2023. • Risk-free interest rate – The risk-free rate is based on the U.S. Treasury yield curve in effect on the grant date for securities with similar expected terms to the term of Opco's incentive units. Basic earnings per share is based on the weighted average number of shares of Class A Common S ...

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 ...