Bakkt's third-quarter profit reached $28.7 million, a 241% rise compared to the same period last year.

GateUser-6433627c · 2025-11-10T20:50:33+00:00

Bakkt's third-quarter profit reached $28.7 million, a year-on-year rise of 241%; revenue was $402.2 million, a year-on-year rise of 27%. The company restructured its strategy, focusing on institutional trading and custody, successfully divesting its loyalty rewards business.

GateUser-6433627c

2025-11-10 20:50:33

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[Bakkt's third-quarter profit reached $28.7 million, a 241% rise compared to the same period last year] According to Bakkt's (stock code BKKT) third-quarter earnings report, the company's revenue for the third quarter of 2025 was $402.2 million, a year-on-year rise of 27%; EBITDA was $28.7 million, a year-on-year rise of 241%. The company successfully divested its loyalty rewards business and refocused on institutional trading, liquidity, and regulated custody. Earlier this year, Bakkt announced it would realign its strategy around three “high probability” investment projects to seek market fit. Bakkt was launched in 2018 with the support of Intercontinental Exchange, the operator of the New York Stock Exchange, initially focusing on launching an institutional-grade daily physically settled Bitcoin futures trading platform, before later attempting to tokenize corporate reward points.

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