---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-013121"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T16:08:29.940889+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bakkt Holdings loses Bank of America (16-17% loyalty rev) and Webull (74% crypto rev) contracts

## Summary
- Bank of America not renewing; agreement expires April 22, 2025; BoA represented ~16% (2023) and 17% (9M2024) of loyalty revenue.
- Webull not renewing; agreement expires June 14, 2025; Webull represented ~74% of crypto services revenue in both periods.
- Bakkt may be required to maintain services for up to 12-month transition period for BoA contract.

## SEC filing metadata
- accession: 0001628280-25-013121
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000162828025013121/0001628280-25-013121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000162828025013121/bakkt-20250317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-013121
- JSON: https://secwatch.observer/filing/0001628280-25-013121.json
- Plain text: https://secwatch.observer/filing/0001628280-25-013121.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.