Bakkt Names Mike Alfred to Board as Shares Jump About 25%
Bakkt says his crypto-fintech credentials will help accelerate its institutional products strategy.
Overview
- The company announced Alfred’s appointment to the board on Monday as part of a governance and growth push in digital assets and financial technology.
- BKKT was last up roughly 24.65% at $13.00 following the news, according to intraday pricing reported Monday.
- Chief executive Akshay Naheta called the addition a major step toward building next-generation financial infrastructure for institutions.
- Alfred highlighted four priority areas for Bakkt’s institutional efforts: digital asset trading, stablecoin payments, AI-powered finance, and Bitcoin adoption.
- The new director co-founded BrightScope and Digital Assets Data, now leads Alpine Fox LP, and serves on IREN’s board, which has drawn investor interest after recent growth announcements.