Category: Bakkt

Bakkt’s SPAC shows how frothy the crypto markets have become

Bakkt’s SPAC shows how frothy the crypto markets have become

Quick Take Some market insiders think Bakkt’s ambitious SPAC reflects the frothiness of both the crypto and SPAC markets. It could lead to a flurry of other SPACs across the crypto industry. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

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Bitcoin: MicroStrategy and Bakkt will push crypto market to $3 trillion

Bitcoin: MicroStrategy and Bakkt will push crypto market to $3 trillion

Microstrategy will be holding a free online course on Bitcoin for potential largeinvestors to attract more heavyweights into the market. Bitcoin exchange Bakkt predicts that the market capitalization of the crypto market will grow to $3 trillion by 2025. After Bitcoin was able to reach the historic all-time high of just under $42,000, a consolidation […]

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It’s Official: Bitcoin Futures Platform Bakkt Going Public at $2.1 Billion Valuation

The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO. Reports emerged last week suggesting that Bakkt was negotiating a strategic […]

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Bakkt In Final Stage Talks With VPC Impact Acquisition Holdings To Go Public

Bakkt, the Intercontinental Exchange Inc. owned crypto subsidiary is in final stage talks with VPC Impact Acquisition Holdings to go public. A Bloomberg report confirmed that the Bitcoin futures market provider is planning to merge with the special purpose acquisition company firm VPC Impact at a combined valuation of $2 billion. Sources: Intercontinental Exchange’s Bakkt is […]

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Bitcoin Futures Platform Bakkt Reportedly Planning To Go Public at a $2 Billion Valuation

Bakkt, the Bitcoin futures platform owned and operated by Intercontinental Exchange (ICE), is reportedly planning to go public after a merger with the Chicago-based blank-check company VPC Impact Acquisition Holdings. Bakkt To Go Public? By citing “people with knowledge of the matter,” Bloomberg reported the news earlier, saying that the Bitcoin futures platform is already […]

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Intercontinental Exchange crypto venture Bakkt nears SPAC deal: report

Intercontinental Exchange crypto venture Bakkt nears SPAC deal: report

Digital asset firm Bakkt is looking to tap into the public markets through a SPAC deal, according to a Bloomberg report.  Bakkt, a venture by Intercontinental Exchange, is reportedly in advanced stage talks to go public through a merger with blank-check firm VPC Impact Acquisition Holdings, according to Bloomberg’s sources. The transaction, which could be […]

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These three 2020 crypto venture funding deals are some of the industry’s largest

These three 2020 crypto venture funding deals are some of the industry’s largest

2020 was a historic year for many reasons. Venture funding deals in the crypto industry were no different.  Bakkt took first place with its $300 million Series B round. Funds came from M12, Pantera Capital, PayU, CMT Digital, and Boston Consulting Group. Bakkt is tied with Coinbase for the second-largest ever funding deal in the […]

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Just In: Bakkt’s New App to Allow Conversion of Loyalty Points to Crypto and Cash

Bakkt, the New-York Stock Exchange backed crypto startup which offers physically-settled bitcoin futures and options contract has announced an all-in-one tracking app for consumers, where one can track loyalty points, gift cards or any other form of digital rewards. The new service would allow users to convert their rewards and loyalty points for cash or […]

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