Dec. 20 at 7:36 PM
$BKKT Gemini: "Tell me everything you know about ICE, Moonpay, and Bakkt, and primarily what you believe, speculate, suspect, and or think might be in the works for these three and particularly, how everything affects Bakkt?"
>>this germinated w/ Gemini thanks to insights from @Wenbili2 and @CR63 below. <<
@Bakkt shareholders, you are going to have to WATCH CLOSELY what
$ICE does from here -->>
"3. ...Recent filings (Nov 2025) show that the board is already "greasing the wheels" for a transaction:
>Akshay Naheta’s PSUs: On November 14, 2025, Bakkt amended CEO Akshay Naheta’s Performance Stock Units
>>snip<<
"The Bottom Line
The "Timing" argument is the most powerful leverage minority shareholders have. If Bakkt is sold before the 2026 "Crypto Spring" and the Japan pivot fully manifest, ICE will have a very difficult time proving in a Delaware court that they didn't sacrifice the minority's long-term upside for their own immediate strategic convenience."
https://gemini.google.com/app/3bff05ec8600300d
