Bakkt Stock Surges 20% Amid Stablecoin Infrastructure Firm Acquisition Plans
Shares of Bakkt experienced a 20% rally following the announcement of its plans to acquire a stablecoin infrastructure firm. According to reports, this firm was founded by Bakkt's co-CEO. The acquisition is part of Bakkt's strategic shift towards offering "B2B2C" turnkey operator services. The development signals Bakkt's increasing focus on stablecoin infrastructure, potentially expanding its services and market presence in the digital asset space.
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