Full-Time
No salary listed
Expert
Atlanta, GA, USA
This role offers work from home flexibility of one day per week.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2001
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Remote Work Options
401(k) Retirement Plan
Bakkt Holdings is blowing it all up and starting fresh. The digital asset and payments platform on Monday (March 17) suffered a major blow when Bank of America and Webull announced they would not be renewing their commercial agreements with the company. On Wednesday (March 19), after delaying twice, the digital asset and payments platform held its earnings call sharing the financial and operational results for the fourth quarter and full year 2024
A growth strategy that relies heavily on strategic partnerships can be derailed when those partnerships come to a close. That is happening in real-time to Bakkt Holdings, the digital asset and payments platform, which on Monday (March 17) suffered a significant blow when Bank of America (BofA) and Webull announced they would not be renewing their commercial agreements with the company. The loss of Bank of America, which, per a Form 8-K filed with the Securities and Exchange Commission (SEC), accounted for 16% of Bakkt’s loyalty services revenue in 2023 as well as 17% in the most recent 9 months ended 2024; and Webull, which represented a staggering 74% of Bakkt’s crypto services revenue, casts a shadow over the company’s business model as it struggles to find stability in a highly competitive digital payments landscape
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