Bakkt to Acquire DTR and Rebrand as Bakkt, Inc.

Bakkt Holdings, Inc. Class A ( (BKKT) ) has provided an announcement.

On January 11, 2026, Bakkt agreed to acquire Distributed Technologies Research Ltd. (DTR), a global stablecoin payment infrastructure provider, in an all-stock deal that will see DTR shareholders receive Class A shares equal to 31.5% of Bakkt’s fully diluted share count prior to closing, with an estimated 9.1 million shares based on current figures and with final consideration subject to various adjustments. The transaction, negotiated and approved by an independent special committee of Bakkt’s board given that CEO and DTR founder Akshay Naheta is the seller, is designed to internalize and consolidate a critical piece of Bakkt’s stablecoin settlement stack, reduce third-party dependencies, and underpin its planned neobanking and programmable payments strategy, with major shareholder Intercontinental Exchange committing its roughly 31% stake in favor of the deal; Bakkt will also rebrand as “Bakkt, Inc.” on January 22, 2026 and host an Investor Day on March 17, 2026 to outline the combined platform’s growth plans.

The most recent analyst rating on (BKKT) stock is a Hold with a $14.50 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.

The score is held back primarily by weak financial fundamentals (ongoing losses and negative operating cash flow). Technicals are mixed, indicating only a tentative near-term improvement versus weaker longer-term trends. The earnings call adds support due to improved adjusted EBITDA and balance-sheet strengthening, but valuation remains constrained by loss-making results and no dividend support.

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

More about Bakkt Holdings, Inc. Class A

Founded in 2018 and headquartered in New York, Bakkt Holdings, Inc. operates in the digital asset and financial infrastructure sector, providing institutional-focused solutions spanning Bitcoin, tokenization, stablecoin payments and AI-driven finance. Positioned as a backbone provider for next-generation financial infrastructure, the company targets global institutions seeking scale, security and regulatory compliance in the fast-evolving digital asset economy.

Average Trading Volume: 1,573,110

Technical Sentiment Signal: Sell

Current Market Cap: $513.8M

For detailed information about BKKT stock, go to TipRanks’ Stock Analysis page.