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Bakkt Shares Soar 170% Amid Digital Asset Shift

10/3/2025

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Summary

Story summary

Bakkt Holdings Inc. shares jumped over 170% in two weeks.
The surge followed strategic partnerships and Bakkt's Loyalty divestment.
Bakkt shifts to digital asset infrastructure, including crypto custody and stablecoin payments.
Analysts project upside to $42; Bakkt shows 120.2% gross margin amid profitability challenges and a balance-sheet shift to digital assets, with liquidity and regulatory risks.

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Story summary

Bakkt Holdings Inc. shares jumped over 170% in two weeks.
The surge followed strategic partnerships and Bakkt's Loyalty divestment.
Bakkt shifts to digital asset infrastructure, including crypto custody and stablecoin payments.
Analysts project upside to $42; Bakkt shows 120.2% gross margin amid profitability challenges and a balance-sheet shift to digital assets, with liquidity and regulatory risks.