Added to YB: 2025-10-28
Pitch date: 2025-10-25
BKKT [neutral]
Bakkt, Inc.
-65.4%
current return
Author Info
No bio for this author
Company Info
Bakkt, Inc. engages in building financial infrastructure. The company provides solutions that enable institutional participation in the digital asset economy — spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance.
Market Cap
$275.0M
Pitch Price
$30.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.45
P/E
-2.13
EV/Sales
0.06
Sector
Capital Markets
Category
N/A
Beware BKKT - Bakkt Holdings Inc.
BKKT (bearish): $1B market cap for money-losing crypto pivot post-WeBull contract loss (74% revenue decline). 3 pillars: low-margin brokerage (2bps fees, single-digit millions revenue), stablecoin acquisition disguised as DTR deal ($170M-$270M for commodity product), Bitcoin Japan stake ($90M in declining co). CEO conflict of interest leading both BKKT & DTR. Est <$50M 2026 net revenue, no profitability path.
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