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
Show this thread
-
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.
Show this thread
Do you think it's smart for them to be plowing into retail instead of their institutional custody and derivatives business? Seems like retail crypto is already crowded with existing players (RH, Coinbase, Gemini) who already have large marketshare, won't CAC be very high?