Bakkt went public via a SPAC merger with VPC Impact Acquisition in a $2.1bn deal.

Bakkt, a digital asset marketplace, went public via a SPAC merger with VPC Impact Acquisition in a $2.1bn deal. ICE owns c. 78%, VPC Impact Acquisition shareholders own c. 8%, VPC owns 2%, and PIPE investors own c. 12% of combined company. “The company has a strong position in one of the most well-funded and fastest growing areas of technological expansion, as evidenced by its diversified revenue generation model and pathway to near-term profitability. We thank Jeff, David and the ICE team for their vision and look forward to working with Gavin and the Bakkt team to grow its market-leading position in digital assets," John Martin, VPC Impact Acquisition CEO.