Bakkt Considering Potential Sale Or Breakup
The post Bakkt Considering Potential Sale Or Breakup appeared first on Coinpedia Fintech News
Bloomberg reports that the crypto custodian and trading firm Bakkt is considering a potential sale or breakup into smaller entities amidst numerous strategic options. It has also enlisted the help of a financial advisor over the decision-making process while no official decisions have been made yet. Bakkt has been suffering from poor price performance as the company’s price saw a sharp decline from $59.57 at the beginning of 2024 to $19 as of writing. Bakkt had previously applied to gain regulatory approval to raise $150 million in capital to maintain its operations.
