Bakkt Holdings Inc. $(BKKT)$ has announced preliminary financial results for the second quarter of 2025. The company estimates total revenues for the three-month period ended June 30, 2025, to be between $577 million and $579 million. Gross crypto revenues are projected to range from $568 million to $569 million, while net loyalty revenues are estimated to be between $9 million and $10 million. In a significant business development, Bakkt has entered into a definitive agreement to sell its Loyalty business. This move marks the final step in Bakkt's transition to a pure-play crypto infrastructure company, as stated by Andy Main, President and Co-CEO of Bakkt. The sale is part of Bakkt's strategic realignment to focus on core crypto offerings and opportunities in the stablecoin payments ecosystem.
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