Bakkt shares jump 20% after strategic shift and DTR acquisition
Shares of crypto infrastructure platform Bakkt jumped 20% following an announcement of a strategic shift and the acquisition of Distributed Technologies Research, a provider of payment infrastructure using stablecoins and fiat currencies.
On Monday, Bakkt announced the purchase of Distributed Technologies Research (DTR) as part of its strategy to build a “single financial infrastructure platform” and expand payment and banking use cases in 2026.
Under the consolidation agreement, Bakkt will issue more than 9 million shares of its Class A common stock to DTR shareholders, valuing the transaction at $178 million.
“The acquisition will allow Bakkt to consolidate a critical component of its stablecoin settlement infrastructure and prepare the company to launch its neobanking strategy with multiple distribution partners in the coming months,” said Mike Alfred, director and member of the special committee of Bakkt’s board.
Bakkt stock daily chart. Source: TradingView
At the time of publication, shares of Bakkt Holdings (BKKT) were trading at $19.33 on the New York Stock Exchange, up more than 20% over the past 24 hours.
Outlook for a global settlement platform
Although the transaction is subject to regulatory and shareholder approval, Intercontinental Exchange, the parent company of the New York Stock Exchange and holder of 31% of Bakkt’s Class A common stock, said it will vote in favor of the deal.
The acquisition is expected to reduce Bakkt’s reliance on third-party infrastructure, accelerating its ability to provide stablecoin settlement services across a range of payment and banking use cases. Meanwhile, DTR founder and majority owner Akshay Naheta will remain in his role as chief executive officer.
Separately, Bakkt announced it will change its corporate name to “Bakkt, Inc.” effective January 22, 2026, while retaining its current ticker symbol. The company also plans to host an Investor Day on March 17, 2026, at the New York Stock Exchange, with additional details to be announced.
As we wrote, Bakkt Holdings price jumps — what’s behind today’s move (January 12)
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