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Bakkt debuts new name with all-stock stablecoin firm acquisition


Bakkt debuts new name with all-stock stablecoin firm acquisition

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Bakkt Holdings has acquired Distributed Technologies Research Ltd., issuing about 9.1 million shares of its Class A common stock to DTR shareholders. This acquisition strengthens Bakkt's position in the crypto market and might enhance its service offerings.

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Distributed Technologies Research Ltd. has been acquired by Bakkt Holdings, its long-term partner, according to a press release seen by Cryptopolitan earlier today.  Under the terms of the agreement, Bakkt will issue approximately 9.1 million shares of its Class A common stock to DTR shareholders. What does the acquisition mean for Bakkt Holdings? Bakkt Holdings […]
Read the article at CryptoPolitan

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