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Bakkt

Bakkt

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Digital asset platform（Nasdaq：BKKT）

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Bakkt Holdings is a publicly traded fintech company (Nasdaq: BKKT) founded by Intercontinental Exchange (ICE). Through its platform, the company provides institutions and businesses with crypto asset trading, custody, clearing, and API access services, as well as supporting digital asset payments and points redemption.

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Bakkt Q1 crypto revenue down 77% year-over-year, pivoting to stablecoin infrastructure

Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)

Bakkt Q1 crypto revenue down 77% year-over-year, pivoting to stablecoin infrastructure

Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)

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Bakkt Q1 crypto revenue down 77% year-over-year, pivoting to stablecoin infrastructure

Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)

Bakkt completes acquisition of stablecoin payment company Distributed Technologies Research

Odaily News, digital asset company Bakkt announced the completion of its acquisition of stablecoin infrastructure company Distributed Technologies Research (DTR) through an equity transaction. According to the agreement, Bakkt issued over 11.3 million shares to DTR's beneficial holders, with the potential to issue an additional approximately 725,000 shares. Bakkt CEO Akshay Naheta stated that the transaction aims to combine Bakkt's institutional-grade infrastructure with DTR's native AI-powered payment engine and stablecoin technology to build a 24/7 digital settlement layer, providing a critical bridge between traditional financial systems and next-generation digital assets. Additionally, the company has been renamed Bakkt Inc. Previously, the project raised $48 million through a stock sale in February to navigate market uncertainties and potential delisting risks. (Cointelegraph)