Bakkt Holdings, INC

Market Movers (8-K)

NYSE
Bakkt, Inc. files an amended 8-K to include audited financial statements for Distributed Technologies Research Global Ltd. (DTR) following its acquisition.
NYSE
Bakkt, Inc. has finalized the acquisition of 47,500,000 warrants in Transchem Ltd. for $9,409,784, representing 25% of the total subscription.
NYSE
Bakkt Holdings, Inc. announced its first quarter 2026 financial results, highlighting the completion of the DTR acquisition and a strategic partnership with Zoth, while reporting a net loss of $11.7 million.
Worse than expected
NYSE
Bakkt has finalized its acquisition of Distributed Technologies Research to integrate AI-native payment and stablecoin infrastructure.
NYSE
Bakkt, Inc. reconvened its special meeting on April 17, 2026, with stockholders approving the issuance of Class A Common Stock for the acquisition of Distributed Technologies Research Global Ltd.
Delay expected
NYSE
Bakkt, Inc. adjourned its special stockholder meeting to April 17, 2026, due to a lack of quorum, seeking more time for stockholders to vote on the DTR acquisition share issuance.
Worse than expected
Delay expected

Quarterly Earnings (10-Q)

NYSE
Bakkt reports a significant 77.1% drop in Q1 2026 crypto services revenue, primarily due to the loss of major clients Webull and Public.
Worse than expected
Capital raise
NYSE
Bakkt Holdings, Inc. reports a significant increase in crypto services revenue for Q3 2025, driven by higher trading volumes, alongside the completion of its Loyalty Business divestiture and a corporate structure streamlining.
Worse than expected
Capital raise
NYSE
Bakkt Holdings reports improved Q2 2025 net loss, but faces significant revenue headwinds from major client non-renewals and sells its loyalty business to fully pivot to a crypto-centric strategy.
Capital raise
Worse than expected
NYSE
Bakkt Holdings, Inc. reports a significant increase in revenue for Q1 2025, driven by crypto services, while navigating strategic changes including the sale of Bakkt Trust and exploring options for its loyalty business.
Worse than expected
NYSE
Bakkt Holdings saw a significant increase in revenue driven by crypto trading in Q3 2024, though operating expenses also rose substantially.
Better than expected
Capital raise
NYSE
Bakkt Holdings, Inc. reported a significant increase in revenue for Q2 2024, driven by a surge in crypto trading volume, but continues to face challenges related to market volatility, regulatory uncertainty, and ongoing losses.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

NYSE
Bakkt, Inc. reported a significant decline in revenue and increased net losses for fiscal year 2025, driven by client departures, despite completing a strategic transformation to focus on digital asset infrastructure and securing new capital.
Capital raise
Worse than expected
NYSE
Bakkt Holdings navigates a challenging financial landscape, marked by the loss of a major client and a strategic shift towards cryptocurrency, while exploring new opportunities through a partnership with Distributed Technologies Research (DTR).
Worse than expected
Capital raise
NYSE
Bakkt Holdings, Inc. released its 2023 annual report, highlighting significant revenue growth driven by its acquisition of Bakkt Crypto, while also detailing ongoing challenges in the volatile crypto market.
Worse than expected
Delay expected
Capital raise

Insider Trading (Form 4)

NYSE
Marc D'Annunzio, General Counsel & Secretary of Bakkt Holdings, Inc., sold 539 shares of common stock on July 15, 2026 for $8.44 per share.
NYSE
Karen Alexander, Chief Financial Officer of Bakkt Holdings, Inc., sold 657 shares of common stock on July 15, 2026 for $8.44 per share.
NYSE
Joseph Sean-Walsh Henderson, Chief Accounting Officer of Bakkt Holdings, Inc., sold 94 shares of common stock on July 15, 2026 for $8.33 per share.
NYSE
Bakkt, Inc. Chief Accounting Officer Joseph Sean Henderson sold 349 shares of Class A Common Stock for $7.93 per share to cover tax obligations related to vesting restricted stock units.
NYSE
Bakkt, Inc. General Counsel and Secretary, Marc D'Annunzio, reported the sale of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
NYSE
Bakkt COO Nicholas Baes reported a sale of 1,562 shares of Class A Common Stock to cover tax obligations related to vested restricted stock units.

Proxy Statements (Def-14A)

NYSE
Bakkt's 2026 proxy statement outlines the company's strategic pivot, board restructuring, and the acquisition of Distributed Technologies Research (DTR).
Capital raise
NYSE
Bakkt Holdings, Inc. announced an agreement to acquire Distributed Technologies Research Global Ltd. (DTR) by issuing new Class A Common Stock representing 31.5% of its pre-closing outstanding shares to DTR holders, including CEO Akshay Naheta.
Capital raise
NYSE
Bakkt Holdings, Inc. announced its acquisition of Distributed Technologies Research Ltd. to enhance its stablecoin settlement and programmable payments infrastructure, alongside a corporate name change to Bakkt, Inc.
NYSE
Bakkt Holdings, Inc. has significantly reduced its proposed one-time stock option grant to management following shareholder feedback, cutting the aggregate options from 7.45 million to 2 million.
Better than expected
Delay expected
NYSE
Bakkt Holdings, Inc. announced its intention to amend a management options proposal and reconvene its special stockholders meeting on October 31, 2025, after an earlier adjournment.
Delay expected
NYSE
Bakkt Holdings, Inc. adjourned its special shareholder meeting until October 31, 2025, to solicit additional votes for an Options Proposal after initial proxy counts were insufficient.
Delay expected
Worse than expected

Schedule 13D - Activist Investments

NYSE
Akshay Sudhir Naheta has increased his beneficial ownership in Bakkt, Inc. to 22.3% following the completion of the Distributed Technologies Research (DTR) acquisition.
NYSE
Intercontinental Exchange reports a change in its beneficial ownership percentage of Bakkt, Inc. due to share dilution.
Capital raise
NYSE
Intercontinental Exchange's beneficial ownership in Bakkt, Inc. has decreased to 27.0% due to dilution from Bakkt's recent issuance of additional Class A Common Stock.
Capital raise
Worse than expected
NYSE
Intercontinental Exchange and its subsidiary updated their beneficial ownership in Bakkt Holdings, Inc. and disclosed agreements supporting Bakkt's acquisition of Distributed Technologies Research Global Ltd.
NYSE
Akshay Sudhir Naheta, Bakkt's CEO, has increased his beneficial ownership to 11.6% and entered into agreements supporting Bakkt's acquisition of Distributed Technologies Research Global Ltd. (DTR).
NYSE
Akshay Sudhir Naheta's amended Schedule 13D filing details his 11.9% beneficial ownership in Bakkt Holdings, Inc. following a corporate reorganization and equity awards.

Schedule 13G - Passive Investments

NYSE
BlackRock, Inc. has reported a beneficial ownership of 5.5% in Bakkt Inc.'s Class A Stock as of June 30, 2026.
NYSE
Weiss Asset Management LP, WAM GP LLC, and Andrew M. Weiss have disclosed a 3.4% beneficial ownership stake in Bakkt, Inc. Class A Common Stock.
NYSE
A group of Susquehanna-affiliated entities has disclosed a 1.7% beneficial ownership stake in Bakkt, Inc., primarily through G1 Execution Services, LLC and Susquehanna Securities, LLC.
NYSE
Citadel entities and Kenneth Griffin have filed an amendment to their Schedule 13G, reporting a combined beneficial ownership of 2.7% in Bakkt Holdings, Inc.
NYSE
Highbridge Capital Management, LLC has filed an amended Schedule 13G, disclosing a 4.2% beneficial ownership stake in Bakkt Holdings, Inc., primarily through warrants.
NYSE
A group of affiliated Susquehanna entities has reported a 6.0% beneficial ownership stake in Bakkt Holdings, Inc., totaling 948,825 Class A Common Stock shares.