Bakkt Acquires Apex Crypto for $200 Million: Expanding Crypto Reach

Bakkt is set to acquire Apex Crypto from Apex Fintech Solutions for up to $200 million in an effort to bolster its cryptocurrency product. The acquisition signals Bakkt's commitment to expanding its footprint in the digital asset space. Publicly listed Bitcoin firm Bakkt has agreed to pay the sum of $200 million as it looks to acquire Apex Crypto LLC, a subsidiary of Apex FinTech Solutions Inc.

Bakkt has completed its acquisition of Apex Crypto LLC, the blockchain technology platform announced on April 3. This strategic move positions Bakkt as a stronger player in the competitive cryptocurrency market. In November, Bakkt stated it would pay $55 million. Bakkt will pay $55 million in cash.

ALPHARETTA, Ga.-(BUSINESS WIRE)-Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”), a technology platform that unlocks crypto and drives loyalty, today announced the completion of the acquisition. Según el acuerdo, se espera que Bakkt adquiera Apex Crypto por el precio de 200 millones de dólares, realizando su primer pago de 55 millones de dólares al cierre.

The acquisition of Apex Crypto for $200 million allows Bakkt to offer a wider range of cryptocurrency services to its customers, strengthening its position as a leader in the evolving digital asset landscape. Stay tuned for more updates on how Bakkt's acquisition of Apex Crypto will shape the future of cryptocurrency accessibility.