Commentary on Bakkt’s Q2’22 Earnings
Quick Take
- Digital 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 close
- Reported $13.6mm Quarterly Net Revenue, a +9% QoQ and +60% YoY growth respectively
- Both Number of Transacting Accounts and Digital Asset Conversion Volume increased 10% YoY and 60% YoY respectively
- Disclaimer: 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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Author: Greg Lim
