This is a corporate action where a company reduces the number of its outstanding shares and simultaneously increases the price of each share proportionally. For example, in a 1-for-10 reverse split, if you held 100 shares priced at $1 each, after the split, you would hold 10 shares priced at $10 each. The overall value of your holdings doesn’t change immediately...
In the dynamic world of cryptocurrency, one company stands out amidst the digital tumult: Bakkt Holdings, Inc. (NYSE: NYSE:BKKT ). With a recent surge in its stock following the release of robust Q4 results and an ambitious outlook for FY24, Bakkt ( NYSE:BKKT ) is poised to redefine the industry's landscape.
A Strong Financial Footing
Bakkt's ( NYSE:BKKT ) Q4...
BAKKT Holdings is a publicly-traded company serving businesses and institutions in the crypto industry. They build solutions that enable their clients to to grow with the crypto economy — in the U.S. and internationally.
Up 200% from November 2023.
Flagging on the Daily chart.
Early anticipation entry at $1.88 Pivot.
First target $2.37.
Expecting resistance...
SPY - gapping up into the top of the multi-day wedge top to 394.00 on news that the FED is CONSIDERING the option to backstop all distressed US bank deposits. This is effectively a bailout and another form of QE to increase liquidity. This also means that the fed's year end terminal rate could be more like 4.75 rather that 5.25, which bods well especially for...
Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and...
At support of larger pattern here around 5-5.10. Upper reisatnc 6.87. Looking for as long as this holds, a nice pop back up !! Time to rebuy. Last swing I did was to 7.55.
If you haven`t bought the dip here:
Then you should know that Bakkt Holdings operates a digital asset platform. Its platform enables consumers to buy, sell, store, and spend digital assets. it`s one of the cheapest to invest cryptocurrency exchanges, if you compare its market cap with the tokens owned by the traditional crypto exchanges.
BKKT is owned by...
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating...
risky trade could be setting up buyers are here so keep eyes on this watching 5.80 and 6.03 as resiatnce if we can pop high of 7.66 could be in the cars
once people understand who BKKT is and what they are doing in the space, we will see a big move again. i think we will bounce around a little bit, but mostly think up from here.
With an estimated BTC price of 100K from Goldman Sachs, this crypto exchange owned by the same company who has the NYSE, is a steal at this price.
My first price target is the $17 resistance.
Bakkt is worth $500 million USD, NFTs are worth $1 million, is Bakkt not worth 500 NFTs of Lebron blocking steph curry in the NBA finals? Who are you to tell me that Bakkt is worth less than 100 Tom Brady rookie cards? Bakkt is worth more than 7 Bored Yacht Ape Club NFTs, 15 Rookie Cards of Lebron, Michael, Brady, Curry mint condition, and lifetime tickets to...
BKKT isnt going anywhere, owned by ICE who owns the NYSE, partnerships with Mastercard, Starbucks, Google, etc... Listed at $8 bought the dip heavily around $4, 1 and 2 year $10 Calls already up 70-90% on them. Based on option chart and delta will either 20-40X or go to zero, thankfully I have two years and can layer out (gradually take profit).
Ultimately...
This is my first analysis I'm going to post. It is based on what I have learned over the past year and is therefore full of assumptions, wrong theories and wrongly applied methodologies.
First the basics
Company
Vision: Connect the digital economy
Bakkt is a company that focuses on providing an accessible digital tool that makes it easy for consumers to manage...
