Coindesk Logo

Bakkt Shares Surge 180% After Pacts With Mastercard, Fiserv for Crypto Payments

Bakkt Shares Surge 180% After Pacts With Mastercard, Fiserv for Crypto Payments

Bakkt Shares Surge 180% After Pacts With Mastercard, Fiserv for Crypto Payments

In true crypto fashion, two partnership announcements are causing BKKT to soar.

In true crypto fashion, two partnership announcements are causing BKKT to soar.

In true crypto fashion, two partnership announcements are causing BKKT to soar.

AccessTimeIconOct 25, 2021, 8:21 PM
Updated May 11, 2023, 7:07 PM
Bakkt President Adam White (CoinDesk archives)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bakkt (NYSE: BKKT) shares jumped about 180% Monday and reached a record high of $28 after the digital asset platform announced two partnerships. Mastercard and Bakkt said Monday morning that they’re working to allow consumers to buy, sell and hold digital assets through custodial wallets offered by Bakkt.

Meanwhile, a Bakkt partnership announced Monday afternoon with Fiserv will allow for similar capabilities, allowing for merchants to expand their crypto payment offerings.

Bakkt shares went live on the New York Stock Exchange on Oct. 18 after a SPAC deal that valued the company at about $2.1 billion. The firm’s current market capitalization is over $4 billion.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.