The latest announcement is out from Bakkt Holdings, Inc. Class A ( (BKKT) ).
On March 19, 2025, Bakkt Holdings, Inc. announced a Cooperation Agreement with Distributed Technologies Research Ltd. (DTR) and its sole stockholder, Akshay Naheta. This agreement grants Bakkt exclusive access to DTR’s payment processing technology, which will be integrated into Bakkt’s platform to enable global payment services. The agreement includes a Call Option for Bakkt to acquire DTR’s equity, and a Right of First Refusal if a third-party offers to purchase DTR. Additionally, if Bakkt processes over $2 billion in payments using DTR’s technology within 18 months, Naheta can require Bakkt to purchase DTR’s equity. This strategic move positions Bakkt to expand its payment processing capabilities and potentially increase its market share.
More about Bakkt Holdings, Inc. Class A
Bakkt Holdings, Inc. operates in the financial technology industry, focusing on providing digital asset management and payment processing services. The company aims to enhance global payment processing capabilities through strategic partnerships and technological integrations.
YTD Price Performance: -63.40%
Average Trading Volume: 452,202
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $127.6M
Learn more about BKKT stock on TipRanks’ Stock Analysis page.
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