Share this article

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

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

Updated May 11, 2023, 7:07 p.m. Published Oct 25, 2021, 8:21 p.m.

Bakkt President Adam White (CoinDesk archives)

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.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

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.