Year-over-Year Volume Growth
Despite a 40% sequential decline, total transaction volume reached $1.06 billion for Q1, reflecting a 23% year-over-year increase, outpacing the broader market.
Net Income Improvement
Net income improved 176.5% year-over-year, moving from a loss to a profit of $16.2 million.
Strategic Transformation
Progress on transformation to a pure-play crypto infrastructure company, including the divestiture of Bakkt Trust Company and ongoing discussions to divest the loyalty business.
New Strategic Partnerships and Leadership
The cooperation agreement with DTR and new key hires including Philip Lord and Ankit Khemka to drive crypto payments and global expansion.
Future Integration with DTR
Expected integration of DTR's stablecoin and AI payment infrastructure with Bakkt’s platform by Q3 2025, aiming to transform global payments.