What Happened to Bakkt?
Ticker: BKKTSPAC Year: 2020Merger: 2026
Return
-11.4%
Current Price
$10
Peak Price
$1270
Trust Size
$163M
Summary
Bakkt is a digital asset and crypto platform originally created by Intercontinental Exchange (ICE, parent of NYSE), offering cryptocurrency trading, loyalty rewards, and payment solutions.
What Happened
Bakkt went public in October 2021 through a merger with VPC Impact Acquisition Holdings, briefly surging over 900% on retail investor enthusiasm before crashing. The company was created by ICE to bring regulated cryptocurrency infrastructure to institutional and consumer markets. Bakkt has pivoted from its original crypto exchange focus toward broader digital asset payments and loyalty solutions, and continues to operate while expanding into stablecoin payments.
Timeline
2020-09-16
S-1 Registration Filed
2026-02-13
Merger Proxy Filed (DEFM14A)