Crypto infrastructure firm Bakkt jumps 17% on deeper stablecoin payments push with new deal [Yahoo! Finance]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Yahoo! Finance
The move is part of Bakkt's broader strategy to support stablecoin settlement and programmable payments, the company said on Monday. To complete the deal, Bakkt will issue roughly 9.1 million shares of its Class A common stock, equal to around 31.5% of the company's current share count. The final number of shares could shift ahead of closing, which is contingent on shareholder and regulatory approvals. DTR's CEO, Akshay Naheta, will take the helm at Bakkt following the merger. Naheta previously led investment efforts at SoftBank before founding DTR. Intercontinental Exchange, Bakkt's largest shareholder, has agreed to vote in favor of the deal. BKKT shares surged 17% following the news to over $19, a two-month high. At current prices, the deal would be worth around $168 million. A Bakkt spokesperson said "nothing has been paid or agreed upon as [the acquisition] has not closed," adding that the final number of shares issued may change prior to closing. DTR's platform supports
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BKKT
News
- Bakkt to acquire stablecoin payments firm DTR [Yahoo! Finance]Yahoo! Finance
- Bakkt Stock Jumps 18% Following Stablecoin Firm Acquisition [Yahoo! Finance]Yahoo! Finance
- BKKT Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Bakkt Holdings, Inc. is Fair to ShareholdersBusiness Wire
- Bakkt agrees to acquire Distributed Technologies Research [Seeking Alpha]Seeking Alpha
- Bakkt Agrees to Acquire Distributed Technologies Research Ltd.GlobeNewswire
BKKT
Sec Filings
- 1/13/26 - Form SCHEDULE
- 1/13/26 - Form SCHEDULE
- 1/12/26 - Form DEFA14A
- BKKT's page on the SEC website