Oct. 2 at 6:46 PM
BAKKT ( BKKT )
Stock is Skyrocketing Thursday: What's Going On?
12:45 PM EDT, October 02, 2025 (Benzinga Newswire)
$BKKT 12:45 PM EDT, October 02, 2025 (Benzinga Newswire)
Bakkt Holdings Inc (NYSE:BKKT) shares are trading higher, lifted by a broader crypto market rally and recent strategic restructuring. Here’s what investors need to know.
What To Know: On Wednesday, the company finalized the sale of its loyalty business, cementing what the company calls its transformation into a pure-play digital asset platform. This move, aimed at lowering costs and sharpening focus, follows the Sept. 22 appointment of fintech veteran Mike Alfred to its board, further signaling its commitment to core crypto services.
The stock’s rise Thursday is tied to Bitcoin’s (CRYPTO: BTC) strength, which is being partly attributed to the ongoing U.S. government shutdown.
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