---
schema_version: "secwatch.filing_event.v1"
accession: "0001820302-25-000005"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:18:06.490002+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bakkt Holdings updates on Public offboarding, MHT meeting, and IDT custody LOI

## Summary
- Public Platform LLC (9.4% of 2024 crypto revenue, 14.5% in H1 2025) will offboard customers by October 31, 2025.
- Bakkt expects MHT shareholder meeting in October 2025 to vote on corporate purpose change and issuance of preferred stock and warrants.
- Bakkt finalized commercial agreement with DTR and continues work to close sale of loyalty/travel redemption business in Q3 2025.
- Bakkt signed nonbinding LOI with ICE Digital Trust for custody services for corporate treasury and resale to third parties.

## SEC filing metadata
- accession: 0001820302-25-000005
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000182030225000005/0001820302-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000182030225000005/bakkt-20250826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-25-000005
- JSON: https://secwatch.observer/filing/0001820302-25-000005.json
- Plain text: https://secwatch.observer/filing/0001820302-25-000005.txt

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