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Bakkt sells loyalty business for $11M to go all-in on crypto Bakkt is selling its loyalty business for $11 million to focus on crypto infrastructure The move follows the loss of major clients and a lawsuit over its revenue model Despite plans to raise funds and adopt AI, Bakkt’s stock continues to decline amid financial struggles On Monday, crypto
Bakkt Sells Loyalty Unit to Focus on Core Crypto Strategy Key Takeaways Loyalty Business Sold for $11 Million Bakkt has agreed to sell its loyalty division, which offers travel and merchandise rewards, to Project Labrador Holdco, LLC for $11 million Refocusing on Crypto Infrastructure The divestiture aligns with Bakkt’s goal of becoming a pure-play crypto firm, streamlining its operations to concentrate solely on digital asset custody, trading
Bakkt Sells Loyalty Business to Focus on Crypto Infrastructure Growth Bakkt (NASDAQ: BKKT) announced plans to divest its loyalty business as part of its strategy to become a pure-play crypto infrastructure firm The company signed a definitive agreement to sell the unit to Project Labrador Holdco, a subsidiary of Roman DBDR Technology Advisors The transaction, expected to close in the third quarter of 2025, is valued at $11 million in cash, with additional
Bakkt to Sell Loyalty Unit, Focus Fully on Crypto Infrastructure Cryptocurrency custody and trading platform Bakkt Holdings is selling off its loyalty business as it moves to become a focused crypto infrastructure firm, the company said Monday The Nasdaq-listed platform signed a deal to sell the unit to Project Labrador Holdco, a subsidiary of Roman DBDR
Bakkt To Sell Loyalty Business For ~$11M, Finalizing Shift To Pure-Play . . . Bakkt Holdings, Inc ("Bakkt") (NYSE: BKKT) today announced certain preliminary financial results for the three-month period ended June 30, 2025, and the signing of a definitive agreement to sell its Loyalty business, marking the final step in the Company's realignment to a pure-play crypto infrastructure company
Bakkt to sell loyalty business, reports preliminary Q2 revenue ALPHARETTA, Ga - Bakkt Holdings, Inc (NYSE:BKKT) announced Monday it has signed a definitive agreement to sell its Loyalty business to Project Labrador Holdco, LLC, a subsidiary of Roman
Bakkt Reports $577M Q2 Revenue as Loyalty Business Sale Near Completion Bakkt Holdings Inc (NYSE: BKKT) disclosed preliminary second-quarter 2025 financial results on June 4, 2025, reporting revenue of $577 million, a figure that underscores the company’s strategic realignment efforts [2] Concurrently, the firm announced a definitive agreement to sell its Loyalty business, a move expected to close by the end of the third quarter of 2025 The transaction