There are many indications that Bakkt soon it will be listed on the stock exchange. The fusion with VPC Impact Acquisition Holdings, listed on Nasdaq. This information has already circulated in the media, but it should be borne in mind that there is no official announcement on this matter.
Merger with VPC Impact Acquisition Holdings
Reports of a merger with VPC Impact Acquisition Holdings and company entry Bakkt on the stock exchange had quite a loud echo in the cryptocurrency community. Although this information has not yet been officially confirmed, according to media reports, the talks are already at such an advanced stage that the merger may take place soon. The value of the entire operation is $ 2 billion.
VPC Impact Acquisition Holdings
VPC Impact Acquisition Holdings is part of Chicago-based Victory Capital Park, investing in growing companies both in the United States and in other countries. It began operating in 2007 and has already participated in 115 investments with a total value of USD 6 billion. In 2020, VPC Impact Acquisition Holdings launched an IPO, as a result of which investors were offered shares worth 200 million dollars.
After running futures contracts on Bitcoinie in 2019, Bakkt also made an attempt to strengthen its position, but still lags behind compared to other companies in the industry. Additionally, its founder, Kelly Loeffler, left the deck of the company and decided to go into politics.
In addition, Bakkt launched its own app, providing users with the ability to buy and sell cryptocurrency and undertaking investment activities. In some cases, they are even rewarded. It remains to be seen, however, in the near future. Much also depends on whether the reports of the planned merger with VPC Impact Acquisition Holdings are confirmed.