Bakkt (BKKT) Stock Rallies 20% After Stablecoin Infrastructure Acquisition

TLDR Bakkt stock climbed 20% to $19.21 after announcing DTR acquisition plans Deal valued at $178 million through issuance of over 9 million Class A shares DTR’s founder Akshay Naheta currently serves as Bakkt CEO Transaction consolidates stablecoin settlement capabilities for neobanking expansion Parent company ICE committed to voting in favor of the merger Bakkt [...]

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