Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Karen Alexander, Chief Financial Officer of Bakkt Holdings, Inc. (NYSE:BKKT), sold 671 shares of Class A Common Stock on July 15, 2025. The shares were sold at a price of $18.21, for a total transaction value of $12,218. The stock, currently trading at $21.39 with a market capitalization of $304 million, has shown strong returns over the past three months according to InvestingPro data.
The sale was executed to cover tax obligations associated with the vesting of performance stock units. Following the transaction, Alexander directly owns 69,768 shares of Bakkt Class A Common Stock, which includes 51,589 shares subject to vesting. With the company’s next earnings report due on August 11, InvestingPro subscribers can access 16 additional investment tips and comprehensive analysis to make informed decisions about BKKT’s current valuation status.
In other recent news, Bakkt Holdings reported significant growth in net income for the first quarter of 2025, despite a decline in total revenues. The company’s net income surged by 176.5% year-over-year to $16.2 million, while total revenues fell by 25.9% to $12.6 million. Bakkt is focusing on transforming its infrastructure to support the stablecoin payments market, with plans to launch new products and expand internationally. Additionally, the company is divesting its custody business and exploring strategic alternatives for its loyalty business. In regulatory developments, Bakkt adjourned its 2025 Annual Meeting of Stockholders to June 17 to allow more time for stockholders to review supplemental materials related to investment policy updates. The company is also working on a collaboration with Distributed Technologies Research (DTR) to integrate stablecoin and AI payment infrastructure. Analyst firms have not recently issued upgrades or downgrades for Bakkt Holdings.
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