Bakkt Acquires DTR to Enhance Stablecoin Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Should l Buy BKKT?
Source: stocktwits
Bakkt Holdings Inc (BKKT) has seen a significant price increase of 13.25%, reaching a 20-day high amid the broader market decline, with the Nasdaq-100 down 1.66% and the S&P 500 down 1.01%.
The core catalyst for this movement is Bakkt's announcement of an all-stock acquisition of Distributed Technologies Research (DTR), where Bakkt will issue approximately 9.1 million shares to DTR shareholders. This strategic move is aimed at accelerating Bakkt's development in stablecoin settlement and programmable payments, marking a pivotal shift in the company's focus towards the cryptocurrency sector. Additionally, Bakkt plans to change its corporate name to 'Bakkt, Inc.' effective January 22, 2026, further emphasizing its commitment to growth in this area.
This acquisition has generated extremely bullish sentiment among retail investors, with predictions that BKKT's stock price could reach $30 by the end of the week, reflecting strong confidence in Bakkt's future prospects.
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Analyst Views on BKKT
Wall Street analysts forecast BKKT stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 10.770
Low
39.00
Averages
39.00
High
39.00
Current: 10.770
Low
39.00
Averages
39.00
High
39.00
About BKKT
Bakkt Intermediate Holdings, Inc., formerly Bakkt Holdings, Inc., provides solutions that enable institutional participation in the digital asset economy - spanning Bitcoin, tokenization, stablecoin payments, and artificial intelligence (AI)-driven finance. The Company operates primarily through Bakkt Crypto Solutions, LLC (Bakkt Crypto). Through Bakkt Crypto’s platform, customers can purchase approved crypto assets, store crypto assets in custodial wallets, liquidate their holdings, and transfer supported crypto assets between a custodial wallet maintained by Bakkt Crypto and external wallets in certain jurisdictions, if enabled by the client. Bakkt Crypto’s proprietary trading platform and relationships with liquidity providers provide access to a wide range of crypto assets and competitive pricing to its customers. Bakkt Crypto holds a New York State virtual currency license (BitLicense), and money transmitter licenses from all states throughout the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- U.S. Market Reentry: Nexo announced its relaunch in the U.S. in partnership with digital asset solutions provider Bakkt, marking a significant return to the U.S. market three years after regulatory clashes, demonstrating the company's renewed confidence in this key market.
- Penalty Context: In January 2023, Nexo agreed to pay a $45 million fine to the SEC for failing to register its retail crypto asset lending product, highlighting the compliance challenges and regulatory pressures the company has faced.
- Product Adjustments: Nexo has discontinued its Earn Interest Product (EIP) for U.S. investors and introduced flexible and fixed-term yield programs, an integrated exchange, crypto-backed credit lines, and a loyalty program, aiming to attract customers through a diversified product offering.
- Role of Bakkt: In this partnership, Bakkt will provide the digital asset trading infrastructure, enhancing Nexo's competitive position in the market while also offering Bakkt new growth opportunities, showcasing strategic synergy between the two companies.
See More
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- Partnerships: The company will collaborate with U.S.-listed Bakkt Inc. to provide digital asset trading infrastructure, ensuring that its products meet regulatory standards, thereby enhancing customer trust and expanding market share.
- Product Diversification: Nexo is launching a comprehensive suite of digital asset services, including flexible and fixed-term yield programs, an integrated exchange for cryptocurrency trading, crypto-backed credit lines, and a loyalty program, aimed at catering to diverse customer needs and enhancing user experience.
- Historical Context: Following a 2023 SEC charge for failing to register its cryptocurrency lending product, which resulted in a $45 million penalty and a halt to U.S. operations, Nexo's return signifies a strategic pivot and commitment to compliance.
See More
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- Merger Scrutiny: The merger of Bakkt Holdings, Inc. with Distributed Technologies Research Ltd. is under review, with Halper Sadeh LLC potentially seeking increased compensation and additional disclosures for shareholders.
- Executive Transaction Investigation: The sale of FONAR Corporation to CEO Timothy Damadian and other executives, involving $19.00 per share for Class B common stock and $6.34 per share for Class C common stock, raises concerns about potential conflicts of interest.
- Cash Acquisition Review: Clearwater Analytics Holdings, Inc.'s sale to Permira and Warburg Pincus for $24.55 per share in cash is being evaluated by Halper Sadeh LLC for potential violations of shareholder rights.
See More
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- Bitcoin Price Recovery: Bitcoin's price nearing $88,700 has boosted the performance of crypto-linked stocks, although some stocks remain under pressure, indicating a divergence in market sentiment.
- Strong GameStop Performance: GameStop (GME) closed up 4.44% and continued to rise in after-hours trading as investor Michael Burry increased his stake, reflecting optimistic market sentiment about its future prospects.
- Strategy Stock Decline: Strategy (MSTR) fell 1.55% due to the announcement of additional equity sales related to its Bitcoin accumulation strategy, although it slightly rebounded after hours, highlighting investor concerns over dilution risks.
- Other Stocks Struggling: Stocks like CleanSpark (CLSK), ALT5 Sigma (ALTS), Bakkt (BKKT), and KULR remained in negative territory despite an overall market recovery, indicating a lack of confidence in these equities.
See More
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- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
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- Sales Performance: While total revenue decreased from $7.613 billion year-over-year, sales exceeded expectations at $6.603 billion, indicating the company's strong sales capability in a competitive real estate market.
- Market Reaction: Amidst a broader market downturn, D.R. Horton's stock price remained relatively stable, reflecting investor confidence in its financial health, which may lay the groundwork for future growth.
- Industry Trends: Given the volatility in the real estate market, D.R. Horton's robust earnings report could attract more investor attention, particularly as economic uncertainties rise, positioning the company as a potential bellwether in the industry.
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