Bakkt, Inc.
Expected move
InputsNext report
Last report
Largest filed tie
13F top-10 QoQ
Top fund weight
Last report1 of 5 at or beyond impliedshaded = implied▲▼ = realized× = |realized| ÷ implied
−3.66%
vs ±13.8% implied · ×0.27
shaded = implied · ▲▼ = realized
Bakkt has 5 disclosed suppliers and 3 disclosed customers in SEC filings.
Bakkt, Inc.
4.60
−0.48 · −9.45%
post 4.65 +1.09%
SentencePublic represented approximately 17 % and 9 % of the Company's crypto services revenue for the years ended December 31, 2025 and December 31, 2024, respectively.
basisBKKT FY2025 revenue $2.3B
BKKT 10-Kaccession 0001628280-26-019870
SentenceIn March 2025, we entered into an agreement with ICE, a significant stockholder of ours, whereby ICE agreed to purchase all of the outstanding equity interests of Bakkt Trust in exchange for $1.5 million plus the assumption of Bakkt Trust's regulatory capital requirement, which was approximately $3.0 million as of signing, and certain operating costs of Bakkt Trust during the period between the signing of the purchase agreement and the closing of the transaction (subject to such closing).
SentenceBakkt Financial Solutions I, LLC ("BFS") uses third-party custodial relationships with BitGo, Coinbase Custody and Fireblocks Trust, which are currently used by BFS for custody and coin transfers, where applicable.
BKKT 10-Kaccession 0001628280-26-019870
SentenceBakkt Financial Solutions I, LLC ("BFS") uses third-party custodial relationships with BitGo, Coinbase Custody and Fireblocks Trust, which are currently used by BFS for custody and coin transfers, where applicable.
BKKT 10-Kaccession 0001628280-26-019870
SentenceOn July 31, 2025, we entered into a Commercial Agreement (the "Commercial Agreement") with DTR which sets forth the terms and conditions governing the integration of Bakkt's various solutions related to financial transaction processing and digital asset trading with DTR's technology related to the execution of global payments powered by stablecoins.
BKKT 10-Kaccession 0001628280-26-019870
SentenceBakkt Financial Solutions I, LLC ("BFS") uses third-party custodial relationships with BitGo, Coinbase Custody and Fireblocks Trust, which are currently used by BFS for custody and coin transfers, where applicable.
BKKT 10-Kaccession 0001628280-26-019870
SentenceThree clients, Webull Pay LLC ("Webull"), Swan Bitcoin and Public Platform LLC ("Public") represented over 10% of the Company's Crypto services revenue during the year ended December 31, 2025.
BKKT 10-Kaccession 0001628280-26-019870
SentenceFor the years ended December 31, 2025, December 31, 2024, and December 31, 2023, Webull represented approximately 40 %, 74 %, and 73 %, respectively of the Company's Crypto services revenue.
BKKT 10-Kaccession 0001628280-26-019870
Expected move
Inputs8Q avg ±11.1%·×1.51·rich
straddle ±17.9%
spot 4.64exp Nov 13ATM strike 4.5ATM straddle 0.98IV 134%