According to Odaily Planet Daily, people familiar with the matter revealed that as cryptocurrency-related acquisitions surge, Bakkt Holdings Inc., a digital asset market launched by the parent company of the New York Stock Exchange, is exploring the possibility of a sale. Bakkt has been working with a financial advisor to weigh a range of strategic options, including spin-offs. No final decision has been made yet, and Bakkt may choose to remain independent. Representatives of Bakkt declined to comment.
Earlier this year, Bakkt revealed that the company might not be able to continue operating and was at risk of being delisted from the New York Stock Exchange. In 2021, Bakkt went public through a merger with a blank check company.
