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Bakkt releases Q2 financial report: total revenue rose 13.3% year-on-year to nearly $580 million, advancing BTC reserve strategy.
Golden Finance reports that the digital asset custody and trading platform Bakkt, listed on the New York Stock Exchange, released its quarterly financial and operational performance report for the period ending June 30, 2025, which disclosed that the company's total revenue from cryptocurrency services in the quarter reached $577.9 million, a year-on-year rise of 13.3%, with total operating expenses of $596.4 million, a year-on-year rise of 12.1%. Additionally, in the second quarter, $75 million was raised to strengthen the balance sheet and further advance its Bitcoin financial strategy, acquiring the Tokyo-listed company MarushoHotta to launch Bakkt's Bitcoin financial strategy in Japan.