Bakkt, once the talk of the town while it launched at the end of the last bear in September 2019, and soon after became a flop, is nonetheless still somewhat standing, though making a loss.
$2 billion of a loss in 2022, though $1.8 billion for “intangible assets impairments” which we take to mean crypto. Then some $100 million for Q4 in actual losses.
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- Source: https://www.trustnodes.com/2023/04/19/bakkt-acquires-half-a-billion-in-crypto-custody
