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.
Quick Take Bakkt’s $2 billion valuation via SPAC a sign that private markets are being repriced; plus, thoughts on crypto’s first national chartered bank This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.
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 […]
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 […]
Crypto firm Bakkt today announced that it is going public on the New York Stock Exchange via a SPAC deal, confirming Bloomberg’s report from last week. Bakkt is merging with VPC Impact Acquisition Holdings at a valuation of about $2.1 billion. VPC held its initial public offering in September 2020. As part of the fresh […]
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 […]
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 […]
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 […]
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 […]
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 […]