Bakkt
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#Bakkt & Trump Media: The #Bitcoin Power Play?
🚨 Big crypto news! Reports suggest Trump Media is in advanced talks to acquire Bakkt, a crypto exchange.
Key Highlights:
1️⃣ Bakkt ($BKKT) surged 162% to $29.71 and gained another 16% after hours to $34.59.
2️⃣ Trump Media, operator of Truth Social, saw a 16.65% rise in its stock.
3️⃣ Speculation: Trump Media might use Bakkt to create a Bitcoin reserve through an SPV, bypassing congressional approval.
What does this mean for Bakkt and the crypto market under a pro-crypto administration? 🚀
#BTC #Bitcoin $BTC
🚨 Big crypto news! Reports suggest Trump Media is in advanced talks to acquire Bakkt, a crypto exchange.
Key Highlights:
1️⃣ Bakkt ($BKKT) surged 162% to $29.71 and gained another 16% after hours to $34.59.
2️⃣ Trump Media, operator of Truth Social, saw a 16.65% rise in its stock.
3️⃣ Speculation: Trump Media might use Bakkt to create a Bitcoin reserve through an SPV, bypassing congressional approval.
What does this mean for Bakkt and the crypto market under a pro-crypto administration? 🚀
#BTC #Bitcoin $BTC
🚀 Trump’s Crypto Revolution: Coinbase Collabs & Bakkt Buyout in Play?
Donald Trump’s crypto agenda is picking up steam! 🌎💰 The President-elect is set to meet Coinbase CEO Brian Armstrong to discuss industry strategies as Bitcoin shatters $90K and optimism sweeps the market.
Adding fuel to the fire, Trump’s Media & Technology Group (TMTG) is reportedly in talks to acquire Bakkt, a crypto trading platform, in an all-stock deal. 🏦 This move could position TMTG as a major player in the blockchain ecosystem while signaling a friendlier U.S. stance on digital assets.
Meanwhile, SEC Chair Gary Gensler hints at stepping down, and pro-crypto candidates like Brian Brooks are emerging as top picks for regulatory leadership. Trump’s crypto-friendly vision might just pave the way for clearer policies and explosive growth in 2025. 📈✨
👉 What’s your take? Is the U.S. on the brink of a pro-crypto revolution?
#TrumpCrypto #Bitcoin #Bakkt #CryptoRegulation #Coinbase $BTC
Donald Trump’s crypto agenda is picking up steam! 🌎💰 The President-elect is set to meet Coinbase CEO Brian Armstrong to discuss industry strategies as Bitcoin shatters $90K and optimism sweeps the market.
Adding fuel to the fire, Trump’s Media & Technology Group (TMTG) is reportedly in talks to acquire Bakkt, a crypto trading platform, in an all-stock deal. 🏦 This move could position TMTG as a major player in the blockchain ecosystem while signaling a friendlier U.S. stance on digital assets.
Meanwhile, SEC Chair Gary Gensler hints at stepping down, and pro-crypto candidates like Brian Brooks are emerging as top picks for regulatory leadership. Trump’s crypto-friendly vision might just pave the way for clearer policies and explosive growth in 2025. 📈✨
👉 What’s your take? Is the U.S. on the brink of a pro-crypto revolution?
#TrumpCrypto #Bitcoin #Bakkt #CryptoRegulation #Coinbase $BTC
- Bakkt, a crypto firm backed by the Intercontinental Exchange (ICE), has warned that it may lack the necessary funds to continue operations for the next 12 months.
- Launched in 2018 by ICE with significant anticipation, Bakkt aimed to provide institutional investors access to Bitcoin.
- The firm is uncertain about its ability to expand into new markets and grow its revenue base in the fast-paced crypto asset environment.
- Bakkt acknowledges the struggle to generate a sustainable operating profit and sufficient cash flows.
- The company's future business success relies on raising capital and significantly increasing its revenues.
- Bakkt is considering raising funds by issuing up to $150 million in registered securities publicly.
- The firm's public journey, which began in 2021 with shares peaking over $40, has faced challenges, with shares dropping 7.6% in after-hours trading and declining 37% since the beginning of this year.
#Bakkt #ExchangeNews
- Launched in 2018 by ICE with significant anticipation, Bakkt aimed to provide institutional investors access to Bitcoin.
- The firm is uncertain about its ability to expand into new markets and grow its revenue base in the fast-paced crypto asset environment.
- Bakkt acknowledges the struggle to generate a sustainable operating profit and sufficient cash flows.
- The company's future business success relies on raising capital and significantly increasing its revenues.
- Bakkt is considering raising funds by issuing up to $150 million in registered securities publicly.
- The firm's public journey, which began in 2021 with shares peaking over $40, has faced challenges, with shares dropping 7.6% in after-hours trading and declining 37% since the beginning of this year.
#Bakkt #ExchangeNews
- Bakkt, a digital asset platform, is reportedly seeking to sell up to $150 million in securities.
- The move is seen as an effort to address the operational funding shortage that Bakkt has been facing.
- A previous filing with the SEC by Bakkt had noted concerns about the company's cash flow being insufficient to support operations for the 12 months following the submission date.
- Selling securities could provide Bakkt with additional funding to sustain its operations and address financial challenges.
#Bakkt
- The move is seen as an effort to address the operational funding shortage that Bakkt has been facing.
- A previous filing with the SEC by Bakkt had noted concerns about the company's cash flow being insufficient to support operations for the 12 months following the submission date.
- Selling securities could provide Bakkt with additional funding to sustain its operations and address financial challenges.
#Bakkt
Bakkt brings focus back to crypto custody in Q2 earnings
It's back to the basics for crypto services firm Bakkt.
The company, which reported quarter 2 earnings on Thursday, highlighted its renewed push into crypto custody — a business that served as the company's foundation prior to its public listing on the New York Stock Exchange. In 2020, the firm made headlines for its so-called Bakkt Warehouse, which offered $125 million in insurance for custody clients, as well as its business relationship with bitcoin bull Paul Tudor Jones.
#crypto2023 #MultiChain #Bakkt
It's back to the basics for crypto services firm Bakkt.
The company, which reported quarter 2 earnings on Thursday, highlighted its renewed push into crypto custody — a business that served as the company's foundation prior to its public listing on the New York Stock Exchange. In 2020, the firm made headlines for its so-called Bakkt Warehouse, which offered $125 million in insurance for custody clients, as well as its business relationship with bitcoin bull Paul Tudor Jones.
#crypto2023 #MultiChain #Bakkt
Bakkt, a cryptocurrency trading platform under the world's largest stock exchange group Intercontinental Exchange (ICE), announced on its official website that it recorded a net loss of $52.9 million in the second quarter of this year. Bakkt plans to relaunch its cryptocurrency custody solution and estimates 2023 sales to be between $750 million and $1.268 billion. 📊💰 #Bakkt #cryptocurrency #Q3earnings
⚡The #blockchain technology platform #Bakkt acquires Apex #Crypto for $200M
Bakkt has conducted the $200M acquisition of Apex Crypto, a turnkey platform that lets #fintech businesses offer #cryptocurrency investing to clients.
Bakkt has conducted the $200M acquisition of Apex Crypto, a turnkey platform that lets #fintech businesses offer #cryptocurrency investing to clients.
- Bakkt, a crypto firm backed by the Intercontinental Exchange (ICE), has warned that it may lack the necessary funds to continue operations for the next 12 months.
- Launched in 2018 by ICE with significant anticipation, Bakkt aimed to provide institutional investors access to Bitcoin.
- The firm is uncertain about its ability to expand into new markets and grow its revenue base in the fast-paced crypto asset environment.
- Bakkt acknowledges the struggle to generate a sustainable operating profit and sufficient cash flows.
- The company's future business success relies on raising capital and significantly increasing its revenues.
- Bakkt is considering raising funds by issuing up to $150 million in registered securities publicly.
- The firm's public journey, which began in 2021 with shares peaking over $40, has faced challenges, with shares dropping 7.6% in after-hours trading and declining 37% since the beginning of this year.
#Bakkt #ExchangeNews #Write2Earn
- Launched in 2018 by ICE with significant anticipation, Bakkt aimed to provide institutional investors access to Bitcoin.
- The firm is uncertain about its ability to expand into new markets and grow its revenue base in the fast-paced crypto asset environment.
- Bakkt acknowledges the struggle to generate a sustainable operating profit and sufficient cash flows.
- The company's future business success relies on raising capital and significantly increasing its revenues.
- Bakkt is considering raising funds by issuing up to $150 million in registered securities publicly.
- The firm's public journey, which began in 2021 with shares peaking over $40, has faced challenges, with shares dropping 7.6% in after-hours trading and declining 37% since the beginning of this year.
#Bakkt #ExchangeNews #Write2Earn