Bakkt shares spike 40% after Mike Alfred joins the company

Bakkt Holding s hi red investor and entrepreneur Mike Alfred to its Board of ￰0￱ announcement sent shares of Bakkt Holdings , BK KT, soaring more than 40% on ￰1￱ of press time, BKKT was trading at $14.95, up 43% on the day according to data from Yahoo ￰2￱ CEO, Akshay Naheta, said Alfred adds critical knowledge, a strong network, and ￰3￱ explained that Alfred’s background in digital assets and fintech gives Bakkt institutional ￰4￱ also said that Alfred’s role will help the company execute its strategy and deliver long-term value for ￰5￱ hires a crypto veteran Alfred is famous in the digital asset and blockchain ￰6￱ is the founder and managing partner of Alpine Fox LP, a private fund focused on Bitcoin and artificial intelligence ￰7￱ also co-founded BrightScope, a fintech platform which was later acquired by Strategic ￰8￱ that, he co-founded Digital Assets Data, an enterprise software company acquired by NYDIG in ￰9￱ also serves on the Board of Bitcoin miner IREN, a Nasdaq-listed operator of large-scale data ￰10￱ is also a director at three other companies, including Eaglebrook Advisors, Wealthie, and Crestone ￰11￱ roles, combined with his investment experience, give him a wide view of both digital assets and financial markets.

“We’re doubling down on our mission to build next-generation financial infrastructure by bringing world-class leaders onto our Board.” ~ Akshay Naheta, CEO of Bakkt Alfred said he was honored to join Bakkt’s ￰12￱ said Bakkt is in a position to serve institutions across four transformative ￰13￱ areas include digital asset trading, stablecoin payments, AI agents, and ￰14￱ noted that these areas will change financial infrastructure over the next ￰15￱ expands its financial base The appointment comes at a time when Bakkt is moving to expand its financial ￰16￱ June, Bakkt filed to raise up to $1 billion through equity and debt ￰17￱ company said the funds would support a Bitcoin acquisition ￰18￱ July, Bakkt announced a $75 million public ￰19￱ from the raise were partly set aside for Bitcoin ￰20￱ news pushed shares down by 40% at that ￰21￱ Holdings was founded in ￰22￱ company provides enterprise solutions for businesses in crypto and digital ￰23￱ platform helps institutions handle trading, custody, and ￰24￱ says it’s building the next generation of financial ￰25￱ has often pointed to long-term opportunities in how money is defined, how payments flow, and how markets ￰26￱ seen where it ￰27￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.