Under CEO Akshay Naheta, Bakkt is refocusing its operations by selling its custody and loyalty services. The company plans to implement a ‘brokerage-in-a-box’ platform, a Bitcoin treasury program, and create a stablecoin payments network named Bakkt Agent.
With licenses across all 50 states, Bakkt strengthens its compliance framework, which is a key competitive edge in the crypto industry. Benchmark values the company at 5x EV/EBITDA, targeting a price of 13.00 USD based on projected earnings for 2026.
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