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TradingKey – Mike Alfred joins Bakkt's board of directors, driving the stock up 4% today.
Mike Alfred joins Bakkt's board of directors, driving the stock up 4% today.
Despite the strategic significance, Bakkt’s stock rose just 2.52% to $9.77, remaining near its 2025 lows. Analysts suggest the market may be waiting for Bitcoin to break above $120,000 before pricing in upside potential.
U.S. crypto equities were hammered on Monday, July 8, after President Donald Trump unveiled a sweeping new round of tariffs, triggering a broad sell-off across Wall Street.
A wave of capital inflows has reignited the crypto market, sending major tokens and crypto-related equities soaring.
Bakkt Holdings (NYSE: BKKT) is making headlines with a bold plan to raise $1 billion to purchase Bitcoin (BTC), Ethereum (ETH) , and other major digital assets. The move could mark a turning point for the company’s struggling stock.


| Shareholders | Proportion |
|---|---|
| Naheta (Akshay Sudhir) | 20.23% |
| Intercontinental Exchange Inc | 17.75% |
| BlackRock Institutional Trust Company, N.A. | 2.04% |
| Weiss Asset Management | 1.82% |
| Shareholder Types | Proportion |
|---|---|
| Individual Investor | 23.57% |
| Corporation | 19.04% |
| Investment Advisor | 7.58% |
| Hedge Fund | 5.32% |
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