Bakkt's third-quarter profit reached $28.7 million, up 241% year-on-year.
Jinse Finance reported that according to Bakkt (stock code BKKT)'s third-quarter earnings report, the company's revenue for the third quarter of 2025 was $402.2 million, a year-on-year increase of 27%; EBITDA was $28.7 million, a year-on-year increase of 241%. The company successfully divested its loyalty rewards business and refocused on institutional-grade trading, liquidity, and regulated custody. Earlier this year, Bakkt announced a strategic realignment around three "high-probability" investment projects to seek market fit. Bakkt was launched in 2018 with the support of the exchange operator Intercontinental Exchange, initially focusing on launching an institutional-grade daily physically settled bitcoin futures trading platform, and later began exploring the tokenization of corporate reward points.
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