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Bakkt's quarterly encryption service revenue reached $577.9 million, a year-on-year increase of 13.3%.
The report from 【CoinWorld】 states that Bakkt, a digital asset custody and trading platform listed on the New York Stock Exchange, has released its quarterly financial and operational performance report for the period ending June 30, 2025. The report reveals that the company's total revenue from encryption services for 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%. In addition, $75 million was raised in the second quarter to strengthen the balance sheet and further advance its Bitcoin financial strategy, with the acquisition of the Tokyo-listed company MarushoHotta to initiate Bakkt's Bitcoin financial strategy in Japan.