Bakkt stock jumps as BKKT strikes DTR stablecoin deal, sets Jan. 22 rebrand and March Investor Day
Bakkt Holdings shares surged 13.5% to $18.48 midday after announcing it will acquire stablecoin payments firm DTR in an all-stock deal, issuing about 9.13 million shares, or 31.5% of its fully diluted count. CEO Akshay Naheta is DTR’s main owner. The company will rebrand as “Bakkt, Inc.” on January 22. Investor Day is set for March 17 at the NYSE.
