Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table.
Bakkt, a crypto platform launched by the parent company of the New York Stock Exchange (NYSE), is reportedly considering the sale of the firm or breaking up the company into smaller entities, insiders told Bloomberg.
The board may also choose to maintain Bakkt’s current structure and forego a sale or a breakup of the company altogether, the sources explained to the outlet.
News of the potential sale followed several high-profile acquisitions and takeover offers in the crypto space, including Robinhood’s acquisition of the Bitstamp exchange and Coreweave’s unsolicited offer to buy out Bitcoin miner Core Scientific.