Bakkt Holdings Inc. Considers Sale Amid Surge In Cryptocurrency-Related Acquisitions

According to Odaily, Bakkt Holdings Inc., a digital asset market launched by the parent company of the New York Stock Exchange, is reportedly exploring the possibility of a sale. This comes amid a surge in acquisition activities related to cryptocurrencies. Bakkt has been working with a financial advisor to weigh a range of strategic options, including a spin-off. No final decision has been made yet, and Bakkt may choose to remain independent. Representatives of Bakkt declined to comment on the matter. Earlier this year, Bakkt revealed that it might not be able to continue its operations, thus facing the risk of being delisted from the New York Stock Exchange. In 2021, Bakkt went public through a merger with a blank-check company. The company's future plans and decisions are yet to be announced.