BlackRock, Inc. Increases Stake in Bakkt Holdings, Inc.

BlackRock, Inc. has filed an amendment to its Schedule 13G, reporting an increased ownership in Bakkt Holdings, Inc. As of September 30, 2025, BlackRock beneficially owns 734,431 shares of Bakkt's common stock, representing 4.6% of the total outstanding shares. This marks a significant increase from previous holdings, with the value of the shares rising by 427.52% and the number of shares increasing by 106.13%. The filing indicates that BlackRock acquired these shares in the ordinary course of business and not with the intent to influence control of the issuer. The filing also includes certifications and exhibits, such as a Power of Attorney and details on subsidiary identification.