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Crypto Marketplace Bakkt Weighs Potential Sale, Breakup.

Authors :
Monks, Matthew
Pan, David
Tan, Gillian
Source :
Bloomberg.com; 6/7/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Bakkt Holdings Inc., a digital-asset marketplace launched by the parent company of the New York Stock Exchange, is considering a potential sale or breakup, according to anonymous sources. The company has been working with a financial advisor to explore strategic options, but no final decision has been made. Bakkt offers various services, including trading and custody, and holds a BitLicense from the New York State Department of Financial Services. The digital-asset sector is experiencing consolidation, with some firms expanding while others recover from a previous industry-wide downturn. Bakkt's stock has risen 15% and its market value is approximately $300 million. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
177748040