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 marketplace backed by Intercontinental Exchange (ICE) that enables institutions and consumers to buy, sell, and store cryptocurrencies. The company went public via SPAC merger with VPC Impact Acquisition Holdings in 2021.
What Happened
VPC Impact Acquisition Holdings merged with Bakkt in October 2021. The ICE-backed crypto platform briefly spiked to over $50/share on news of partnerships but then crashed during the crypto winter. Despite struggles, Bakkt acquired Distributed Technologies Research in 2026 and continues to evolve its platform. The stock has been volatile, trading in the $7-50 range.
Timeline
2020-09-16
S-1 Registration Filed
2026-02-13
Merger Proxy Filed (DEFM14A)