March 18, 2025
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Bakkt Shares Drop 35% After Loss of Two Major Customers

The Company Is Also Delaying the Filing of It Annual Report.”, – WRITE: www.coindesk.com

Bakkt Shares Drop 35% After Loss of Two Major CustomersThe Company Is Also Delaying the Filing of It Annual Report. Mar 17, 2025, 9:22 PM UTC

Bakkt Holdings (BKKT), A Crypto Exchange and Custody Firm, Saw Its Shares Plunge On Monday After DisClosing That Neither Bank of America (Bac) Nor Crypto. Agreements with the company.

At the Time of Writing, Bkkt Shares Have Droped 35% in After Hours Trading to $ 12.83. The Stock Made ITS All-Time High in October 2021, WHEN IT WAS TRADED FOR $ 1,063 Shortly After The Firm Became Public Through It Merger with VPC Impact Acquisition Holdings.

Bank of America Accounted for Roughly 16% of Bakkt’s Loyalty Service Revenue in 2023. Webull, Meanwhile, Represented 74% of Bakkt’s Crypto Service Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue Revenue. The Agreement with Bank of America is screduled to expire on april 22, while the Contract with Webull Will End on June 14.

Bakkt has requated anxion of time to file it 2024 Annual Report with the Sec.

Tom CarrerasTom Writs About Markets, Bitcoin Mining and Crypto Adoption in Latin America. He have a bachelor’s Degree in English Literature from McGill University, and CAN USUALLY BE FOR COSTA Rica. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.

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Tom Carreras

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