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TheBlock 2022-08-25 20:20:13

Commentary on Bakkt’s Q2’22 Earnings

Quick TakeDigital asset infrastructure provider Bakkt Holdings announced earnings August 11, 2022 Shares traded up +3.5% to $3.27 at August 11 market close and currently trade at $2.79 as of August 25 closeReported $13.6mm Quarterly Net Revenue, a +9% QoQ and +60% YoY growth respectivelyBoth Number of Transacting Accounts and Digital Asset Conversion Volume increased 10% YoY and 60% YoY respectivelyDisclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

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