bakkt

Bakkt’s Q3 headline says “profit,” but once you break it down, it’s all accounting magic.

Net income was $14.3 million, including $26.8 million in non-cash gains from warrant valuations. Take that out, and the core business was genuinely in the red, with adjusted EBITDA of -$11.8 million. Revenue was $149.2 million, down 62.9% year over year, blamed on lower crypto trading volume.

The most outrageous part is the target. Q3 trading volume totaled $147.9 million, and the first three quarters combined came to $557.9 million, yet the full-year target is still $3 billion. That means Q4 needs to deliver $2.442 billion—more than 16 times Q3. In this market, with trading volume shrinking all the way, you’re telling me it’ll jump 16-fold in one quarter? And they’ve casually set a $6 billion target for the first half of 2027, too.

These targets aren’t set for the business; they’re set for the stock price. If you really believe them, don’t forget to come back and check the numbers on the day the Q4 results come out.
#Bakkt #earnings

Bakkt’s crypto pivot is now complete: The company has raised its full-year 2026 trading volume target to approximately $3 billion, up 20% from its previous expectation of $2.5 billion, citing stronger customer demand, a growing pipeline of commercial projects, and an expanding sales team.

Over the past year, Bakkt spun off its traditional loyalty points business and shifted fully to digital asset trading, payments, and financial infrastructure. On October 13, the company announced a partnership with Thredd to develop a stablecoin-settled “credit card as a service” product, expanding its business from institutional trading into consumer credit. In April this year, it also acquired DTR, a stablecoin infrastructure provider.

(Source: CoinGape)

#Bakkt #数字资产 #Stablecoins

⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

🚨 BIG MOVE IN CRYPTO & SOCIAL MEDIA 🚨

Donald Trump’s media empire could be making a massive leap into crypto. Reports say Trump Media & Technology Group — the company behind [Truth Social](https://truthsocial.com?utm_source=chatgpt.com) — is in “advanced talks” to acquire crypto trading platform Bakkt in an all-stock deal.

If finalized, the move could connect social media, digital finance, and Trump’s growing pro-crypto stance into one powerful ecosystem. Markets are already buzzing as investors watch what could become one of the boldest political-tech-crypto mergers yet. 🔥📈

#Trump #Bakkt #Crypto #TruthSocial #Bitcoin #Blockchain #SocialMedia #BreakingNews

BAKKT Q1 REVENUE DROP SQUEEZES $BTC 📉

Bakkt posted a Q1 net loss of $11.7 million, driven by a 77% plunge in crypto service revenue to $243.6 million as trading volume fell. Stablecoin payments and AI-driven infrastructure are now the focal points of its strategy, while operating expenses remained flat and cash balances sit at $82.6 million with no long‑term debt.

Not financial advice. Manage your risk.

#Crypto #Bakkt #MarketUpdat #stablecoin #Aİ

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🦈 $BKKT PARENT ICE TAPS DEBT MARKETS FOR $6B ACQUISITION WAR CHEST 💥

📊 Institutional grade money is moving. ICE just launched a multi-tranche investment-grade bond sale to fund the MarketAxess takeover — 5 parts, spanning 3 to 10 years, with the long end pricing ~115bps over Treasuries.

🦈 This isn't just a balance-sheet shuffle. ICE is the parent of Bakkt — the bridge between TradFi rails and digital assets. When the smartest money in the room leverages up at those spreads, they are signaling deep conviction in the macro tape.

💡 Risk assets tend to ride that wave of confidence. The question is whether this institutional firepower trickles down into fresh bids for $BKKT and the broader crypto complex. 💬 How are you positioning for the institutional liquidity tide? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BKKT #Bakkt #Institutional #TradFi #Crypto

🎯 🦈