Bakkt's third-quarter profit reached $28.7 million, a year-over-year increase of 241%.

By: theblockbeats.news|2025/11/11 09:15:50

BlockBeats News, November 11th, according to The Block, Bakkt's third-quarter financial report shows that the company has divested its loyalty rewards business, is about to complete a strategic transformation, and is focusing on institutional-grade trading, liquidity, regulated custody, and AI services. Currently, the company is operating in a "B2B2C model," providing one-stop services to traditional institutions looking to enter the cryptocurrency space. The company has also launched a Bitcoin treasury through a public financing and has hired crypto industry veteran Mike Alfred to join its board of directors.

Bakkt plans to start expanding its international market through minority equity investments, beginning with Japan. In the third quarter of 2025, Bakkt generated $402.2 million in revenue, a 27% year-on-year increase; EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached $28.7 million, a 241% year-on-year growth. At the end of the quarter, the company had no long-term debt, $64.4 million in cash and cash equivalents, but a net loss of $23.2 million.

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?

The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?

Based on historical experience, the most intense phase of this downturn may be about to end.

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.

Jane Street Market Manipulation, Stripe Considering Acquiring PayPal, What's the Overseas Crypto Community Talking About Today?

WEEX × LALIGA 2026: Trade Crypto, Take Your Shot & Win Official LALIGA Prizes

Unlock shoot attempts through futures trading, spot trading, or referrals. Turn match predictions into structured rewards with BTC, USDT, position airdrops, and LALIGA merchandise on WEEX.

a16z: Why Do AI Agents Need a Stablecoin for B2B Payments?

Smart contracts will be more like corporate entities, forming long-term relationships with their vendors and partners.