🚨Attention, BTC enthusiasts! Bakkt, the crypto custody and trading platform, has received a warning from the New York Stock Exchange (NYSE) for non-compliance with listing rules. The platform's closing share price hasn't been above $1 for the past 30 days, putting it at risk of delisting. 😱

Fear not, Bakkt is on the case! The company informed the NYSE of its intention to address the stock price discrepancy and comply with listing standards. They now have a six-month window to raise their stock price to meet the minimum threshold. 📈

Bakkt is exploring all available options, including a potential reverse stock split, contingent upon shareholder approval. However, the company has reported net losses for eight consecutive quarters and expressed concerns over its financial sustainability in early February. 📉

Established in 2018 by Intercontinental Exchange (ICE), the parent company of the NYSE, Bakkt has faced market challenges since its debut on the NYSE in October 2021. Its shares closed at $0.5978 on Wednesday, a far cry from the $40 per share value at launch. 📊

Stay tuned for more updates on Bakkt's journey to resolve its stock price woes and continue serving the crypto community! 🚀🌕