Bakkt appoints macro strategist Lyn Alden to board of directors

NEW YORK - Bakkt Holdings, Inc. (NYSE:BKKT) announced Monday the appointment of Lyn Alden to its Board of Directors, adding another strategic expert to its leadership team. The digital asset company, currently valued at $825 million, has seen its stock surge over 319% in the past six months, according to InvestingPro data.

Alden, an investor, author, and macro strategist focused on the intersection of money and technology, joins the digital asset infrastructure company following the recent addition of Mike Alfred to the board.

"As we scale our three core verticals — redefining what money is, how it moves, and how markets trade — her judgment, unparalleled understanding of macroeconomic forces, and forward-thinking perspectives will be invaluable as we sharpen our product focus," said Akshay Naheta, CEO of Bakkt, in a press release statement.

Alden brings experience in engineering and investment research to the role. She is the founder of Lyn Alden Investment Strategy, a general partner at Ego Death Capital, a board member at Swan Bitcoin, and author of "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better."

Her work has appeared in The Wall Street Journal, Forbes, and Bloomberg, according to the company statement.

"As Bitcoin, stablecoins, and AI provide powerful new building blocks for finance, Bakkt sits at the heart of a generational shift in the global financial architecture," Alden said.

Founded in 2018, Bakkt provides solutions for institutional participation in digital assets, including Bitcoin, tokenization, stablecoin payments, and AI-driven finance.

The company, headquartered in New York, focuses on delivering infrastructure with the security and regulatory compliance required by global institutions.

In other recent news, Bakkt Holdings has made several noteworthy announcements. The company completed the sale of its Loyalty business to Project Labrador Holdco, LLC, marking a strategic transition to focus solely on digital asset infrastructure, including Bitcoin and AI-driven finance. In addition, Benchmark raised its price target for Bakkt from $13 to $40, maintaining a Buy rating, following a significant increase in the stock’s value. Bakkt also announced the appointment of Mike Alfred to its Board of Directors, aiming to enhance governance and leverage opportunities in global financial infrastructure. This appointment follows the resignation of De’Ana Dow as a director and member of the Audit and Risk Committee, with her departure not attributed to any disagreements with the company. The company also adjourned its special shareholder meeting to October 31 due to insufficient votes for the Options Proposal, allowing more time to solicit proxies.

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