Bakkt Holdings Announces Second Quarter 2025 Financial Results
Bakkt Holdings, Inc. (NYSE: BKKT) announced its financial results for the second quarter of 2025 during a conference call held on August 11, 2025, at 5:00 PM ET. Company leaders, including Co-CEOs Akshay Naheta and Andrew A. Main, along with CFO Karen J. Alexander, discussed key developments and strategic initiatives.
Key Developments and Strategic Initiatives
During the call, the company highlighted its progress on several fronts. Notably, Bakkt has entered into a commercial agreement with Distributed Technologies Research (DTR), aiming to incorporate DTR's stablecoin and AI-driven payment infrastructure into Bakkt's regulated platform. The leadership also outlined plans to refocus the company's operations solely on cryptocurrency infrastructure, which involves divesting its Custody business to Intercontinental Exchange (ICE) and completing a formal agreement to sell its Loyalty division.
Management Outlook and Forward-Looking Statements
Management emphasized their outlook on the stablecoin payments sector, the evolving regulatory landscape, and their product development roadmap. ...