Bakkt, backed by NYSE owner, faces cash crunch; stock plunges
Bakkt (BKKT) Invezz·2024-02-08 20:41
Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future.Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its quarterly report with the United States Securities and Exchange Commission. Despite initial aspirations to facilitate Bitcoin transactions for Starbucks customers, ...