Bakkt Posts $11.7M Q1 Loss After Crypto Services Revenue Plunges 77%
Bearish••Crypto Economy
Bakkt recorded a net loss of $11.7 million in the first quarter of 2025. Its revenues fell 77% to $243.6 million. The company closed the acquisition of Distributed Technologies Research on April 30 to incorporate an AI-powered payments engine and a stablecoin compliance layer.
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