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4w ago

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.