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Bakkt Establishes $300 Million At-The-Market Stock Program

Story Highlights
  • Bakkt set up an at-the-market program to sell up to $300 million in stock.
  • The company gained flexible, discretionary access to equity capital, dependent on market conditions and needs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bakkt Establishes $300 Million At-The-Market Stock Program

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The latest update is out from Bakkt Holdings, Inc. Class A ( (BKKT) ).

On January 16, 2026, Bakkt Holdings, Inc. entered into a sales agreement with a syndicate of broker-dealers that allows the company to issue and sell, from time to time, up to $300 million of its Class A common stock through at-the-market offerings on the New York Stock Exchange or in other permitted transactions. The shares will be offered under an effective shelf registration statement and related prospectus supplement, with actual sales contingent on factors such as market conditions, the company’s share price and capital needs, and Bakkt retaining full discretion over whether to sell any stock and the right to terminate the arrangement, signaling a flexible mechanism to raise equity capital without committing to a specific issuance schedule.

The most recent analyst rating on (BKKT) stock is a Hold with a $21.50 price target. To see the full list of analyst forecasts on Bakkt Holdings, Inc. Class A stock, see the BKKT Stock Forecast page.

Spark’s Take on BKKT Stock

According to Spark, TipRanks’ AI Analyst, BKKT is a Neutral.

Overall score is held back primarily by weak financial performance (ongoing losses, negative operating cash flow, and very negative ROE) and limited valuation support (negative P/E, no dividend). These are partially offset by a positive earnings-call outlook (strong adjusted EBITDA, cash/no debt, transformation progress) and a strategically positive corporate event (DTR acquisition to strengthen stablecoin infrastructure), while technicals are mixed with some strength but uneven momentum indicators.

To see Spark’s full report on BKKT stock, click here.

More about Bakkt Holdings, Inc. Class A

Bakkt Holdings, Inc. is a publicly listed company whose Class A common stock trades on the New York Stock Exchange, giving it access to public equity markets for corporate funding needs.

Average Trading Volume: 1,542,739

Technical Sentiment Signal: Buy

Current Market Cap: $699.9M

For an in-depth examination of BKKT stock, go to TipRanks’ Overview page.

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