Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Marc D’Annunzio, General Counsel & Secretary at Bakkt Holdings, Inc. (NYSE:BKKT), sold 559 shares of Class A Common Stock on July 15, 2025, at a price of $18.21, for a total value of $10,179.
Following the transaction, D’Annunzio directly owns 69,248 shares of Bakkt Holdings, Inc., which includes 50,229 shares of Class A Common Stock subject to restricted stock units and PSU awards that remain subject to vesting. D’Annunzio also holds 48,188 Bakkt Opco Units
The sale was executed to cover tax obligations associated with the vesting of performance stock units
In other recent news, Bakkt Holdings reported a significant increase in net income for the first quarter of 2025, with a 176.5% year-over-year rise to $16.2 million, despite a 25.9% drop in total revenues to $12.6 million. The company is undergoing a strategic transformation, focusing on the stablecoin payments market and divesting its custody business to Intercontinental Exchange (NYSE:ICE). Additionally, Bakkt is exploring strategic alternatives for its loyalty business. In other developments, Bakkt Holdings adjourned its 2025 Annual Meeting of Stockholders to June 17, allowing stockholders more time to review updates to the company’s investment policy. These updates include potential capital allocation into Bitcoin and other digital assets. Meanwhile, Bakkt’s shares rose by 3% in premarket trading, riding the wave of Bitcoin’s surge past $118,000, which also lifted other cryptocurrency-related stocks. The company is also planning to launch new products, Bakkt Checkout and Bakkt Agent, with early access expected in the third quarter of 2025. This move is part of Bakkt’s effort to enhance its global reach and expand its stablecoin payments ecosystem.
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