Share this article
Crypto Exchange Bakkt Nears Merger With Victory Park SPAC: Bloomberg
A deal could be announced as soon as next week, the report said.
Updated Sep 14, 2021, 10:53 a.m. Published Jan 8, 2021, 2:58 a.m.
Cryptocurrency exchange Bakkt, which is majority-owned by Intercontinental Exchange (ICE), is in advanced talks to go public via a merger with a special purpose acquisition company (SPAC), Bloomberg reported, citing people with knowledge of the matter.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The deal, if it's concluded, would value the combined company at more than $2 billion, the report said. A deal could be announced as soon as next week.
- The SPAC that would merge with Bakkt, VPC Impact Acquisition Holdings, is affiliated with Victory Park Capital.
- Officials from each company declined to comment, Bloomberg said.
- U.S. Sen. Kelly Loeffler, one of the two losers of Georgia's special runoff election earlier this week, was Bakkt's founding CEO.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Boring Bitcoin's Green Light Moment Incoming?
BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.
What to know:
- The Federal Reserve's recent rate cut did not significantly impact bitcoin's price, which remains directionless.
- Bitcoin's MACD histogram signals potential bullish momentum, while the dollar index's points bearish.
- The ETF flows continue to disappoint.
Top Stories
