Added to YB: 2025-10-28
Pitch date: 2025-10-25
BKKT [neutral]
Bakkt Holdings, Inc.
-61.54%
current return
Author Info
No bio for this author
Company Info
Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto trading capabilities and loyalty for clients and customers.
Market Cap
$436.3M
Pitch Price
$30.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.81
P/E
-3.59
EV/Sales
0.10
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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