Bakkt Holdings Considers Sale Amid Crypto Acquisition Boom and Financial Restructuring

  • Bakkt Holdings is entering discussions about a potential sale or breakup amidst a surge in cryptocurrency-related acquisitions.
  • The company is consulting with a financial advisor for strategic options, though no final decision has been reached.
  • Recently, Bakkt formed a partnership with Crossover Markets to enhance its BakktX platform.

Bakkt Holdings considers a reorganization amid increased crypto acquisition activities, evaluating strategic moves with the aid of financial advisors.

Bakkt Holdings Explores Sale or Breakup

New York Stock Exchange spin-off Bakkt Holdings is evaluating a potential sale or breakup following a notable rise in cryptocurrency acquisitions. Engaging a financial advisor, Bakkt is assessing its strategic options, although no definitive conclusion has been drawn yet.

Initial Challenges and Public Offering

After launching in 2018 amidst significant anticipation, with partnerships with Starbucks and Microsoft, Bakkt faced numerous hurdles including financial instability leading to the risk of delisting from the NYSE in 2024. Despite going public in 2021 through a merger with a Special Purpose Acquisition Company (SPAC), Bakkt recorded a notable first-quarter loss of $21 million in 2021 against $885 million in revenue.

Regulatory Approval and Financial Projections

In early 2024, Bakkt received regulatory consent to offer up to $150 million in securities. Projections for Bakkt Holdings estimate revenues between $2 billion and $5 billion for 2024, which could pivotally enhance the company’s financial standing if actualized.

Strategic Partnerships and Innovations

Looking to the future, Bakkt has forged a partnership with Crossover Markets to supply technology for its upcoming crypto Electronic Communication Network (ECN), “BakktX.” Ray Kamrath, Chief Commercial Officer of Bakkt, remarked on the partnership’s importance: “With the development of BakktX, we are positioning ourselves as a preferred partner for institutions seeking a compliant, qualified trading venue.”


In summary, Bakkt Holdings is contemplating significant strategic changes amidst a growing wave of crypto acquisitions. By collaborating with a financial advisor and exploring potential options, coupled with regulatory approvals and strategic partnerships, Bakkt aims to navigate its current challenges and position itself for future success in the digital asset market.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

MetaMask Introduces Pooled Staking for Ethereum Holders Outside US and UK

MetaMask is launching a new "pooled staking"...

Bitcoin Surges to $69,500 Amid Positive Economic Data and Anticipated Fed Moves

The latest economic data has impacted the...

Gold Prices Surge as U.S. CPI Falls Below Expectations: Analysts Eye Fed’s Next Move

The U.S. Consumer Price Index (CPI) data fell...

PRO Analysis

XRP Price Analysis: Temporary Recovery Amid Volatile Market Conditions

XRP has recently made a notable recovery...

XRP Price Analysis: Key Levels Suggest Potential Reversal Amid Market Decline

XRP's price performance continues to fall short...

PEPE Price Analysis: Potential Drop Below $0.000010 Amidst Rising Volume

The memecoin market has been experiencing considerable...
Jocelyn Blake
Jocelyn Blake
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.

MetaMask Introduces Pooled Staking for Ethereum Holders Outside US and UK

MetaMask is launching a new "pooled staking" feature for its Portfolio users. This feature will enable users to stake any...

Terraform Labs Settles SEC Charges for $4.47 Billion Over Terra Collapse

The crypto world is abuzz with the recent announcement of Terraform Labs settling its charges with the Securities and Exchange...

Ethereum-Powered NFT Game Parallel Launches on Epic Games Store, Expands Player Base

Parallel has launched on the Epic Games Store, expanding its reach. Epic Games Store had 270 million...