Crypto Firm Bakkt Reportedly Runs Low on Cash
According to Bakkt, all hope is not lost though. The firm has put forward a new plan that it believes will set it right back on the path to success.
Shares of Digital Asset Management Platform Bakkt Correct 90% in Three Months after Launch
While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.
Bakkt and Mastercard Partner to Offer Crypto Credit and Debit Cards, BKKT Stock Up 234%
With the 2.8 billion Mastercard users globally, the announcement could skyrocket the adoption of Bitcoin and altcoins.
ICE-Owned Crypto Exchange Bakkt (BKKT) Stock Drops 6% in Public Trading Debut
By
Tolu Ajiboye
Bakkt recently said it wanted to expand the usage and recognition of digital assets – including central bank digital currencies and NFTs.