It's a bit hard to find, but here's the link to Bakkt's intro investor deck released today. Some highlights below: https://www.sec.gov/Archives/edgar/data/1820302/000119312521005832/d913171dex992.htm …pic.twitter.com/YbjMaaFoBf
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An overview of Bakkt's revenue sources - trading, payments, conversion & merchant fees are the primary sources today:pic.twitter.com/Ryd5kVMpkK
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Another bold set of projections. 30 million users, $500M of revenue and $280M of EBITDA expected by 2025:pic.twitter.com/W0Wqkf1dUs
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To me this seems like a well-timed offering to capitalize on both the SPAC and crypto craze and raise $. The valuation seems very frothy - Bakkt will need to fulfill the highly aggressive targets set out above to grow into their initial price.
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