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Added to YB: 2025-06-27

Pitch date: 2025-06-25

BKKT [neutral]

Bakkt, Inc.

-42.5%

current return

Author Info

Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.

Company Info

Bakkt, Inc. engages in digital building financial infrastructure. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt’s financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets.

Market Cap

$225.2M

Pitch Price

$13.27

Price Target

N/A

Dividend

N/A

EV/EBITDA

-1.73

P/E

-1.23

EV/Sales

0.08

Sector

Capital Markets

Category

N/A

Show full summary:
Pernas Research Passes On: Bakkt Holdings, Inc.

BKKT pass: Shifting from crypto custodian to stablecoin payment infrastructure & AI-driven transaction platform. Compelling vision but high execution risk with minimal revenue ($50M) and products not launching until Q3 2025. May be fatally early to programmable money trend.

Read full article (1 min)