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Bakkt Holdings, Inc. Class A ( (BKKT) ) just unveiled an update.
On October 1, 2025, Bakkt Opco Holdings, LLC, a subsidiary of Bakkt Holdings, Inc., completed the sale of its loyalty and travel redemption business, including Bridge2 Solutions entities and Aspire Loyalty Travel Solutions, to Project Labrador Holdco, LLC, an affiliate of Roman DBDR Technology Advisors, Inc. Following the sale, Bakkt alleges that the buyer failed to return approximately $5 million in so‑called “Wrong Pockets Cash” that was to cover ordinary course transactions around closing, and also failed to meet certain repayment obligations under unsecured subordinated promissory notes linked to about $5 million of restricted cash; Bakkt has filed a breach-of-contract complaint in Delaware and plans to enforce its rights under the notes to recover unpaid amounts. Separately, Bakkt elected to subscribe to 47,500,000 warrants in Transchem Ltd., an Indian listed company, for roughly $10 million pursuant to approvals obtained in November and December 2025, with the warrants exercisable within 18 months and including an option for additional warrants, positioning Bakkt to participate in Transchem’s planned acquisition of an Indian stockbroking and depository participant firm and signaling a strategic expansion into India’s capital markets ecosystem, with potential implications for its branding, management, and governance structure.
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. operates a digital asset platform and related financial technology services, and through its subsidiaries has been involved in loyalty and travel redemption solutions as well as strategic investments aimed at expanding its presence in international financial markets.
Average Trading Volume: 1,542,739
Technical Sentiment Signal: Buy
Current Market Cap: $699.9M
See more insights into BKKT stock on TipRanks’ Stock Analysis page.