Bakkt (BKKT) Acquires DTR, Issuing 9.1 Million Shares to Advance Stablecoin Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Acquisition Deal: Bakkt will issue approximately 9.1 million shares of Class A common stock to DTR shareholders, representing 31.5% of the 'Bakkt Share Number', which will accelerate Bakkt's development in global stablecoin settlement and programmable payments.
- Strategic Pivot: This acquisition signifies Bakkt's strategic pivot into the cryptocurrency space, following the sale of its loyalty rewards business last year, as the company begins acquiring money transmitter licenses to facilitate crypto trading and settlement.
- Corporate Renaming: Bakkt intends to change its corporate name to 'Bakkt, Inc.' effective January 22, 2026, while continuing to trade on the New York Stock Exchange under the ticker symbol 'BKKT', demonstrating its commitment to long-term platform value creation.
- Market Sentiment: Following the acquisition announcement, retail sentiment around BKKT trended towards 'extremely bullish', with users predicting the stock price could reach $30 by the end of the week, reflecting strong market confidence in Bakkt's future growth.
Analyst Views on BKKT
Wall Street analysts forecast BKKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKKT is 39.50 USD with a low forecast of 39.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 16.280
Low
39.00
Averages
39.50
High
40.00
Current: 16.280
Low
39.00
Averages
39.50
High
40.00
About BKKT
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.
