adminBakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
In recent developments, bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes. The development has drawn…
Bakkt to Acquire Distributed Technologies Research in Stock-Based Transaction
In recent developments, bakkt Holdings Inc. has agreed to acquire Distributed Technologies Research Ltd. (DTR) in a stock-based transaction aimed at expanding its stablecoin settlement and programmable payments capabilities. Bakkt’s…
Bakkt stock surges 20% after move on stablecoin payments strategy
In recent developments, with Bakkt’s share price surging following the announcement, the stock deal could be worth about $178 million. The development has drawn attention from traders and analysts who…