Bakkt Holdings, Inc. (NYSE:BKKT) today announced that the company has completed its acquisition of Apex Crypto LLC. The parties have secured all required regulatory approvals.
The deal was first announced in November 2022. Under the terms of the agreement, Bakkt will acquire Apex Crypto for a maximum purchase price of $200 million.
“This acquisition marks an exciting new chapter for Bakkt, significantly advancing portions of our crypto roadmap, helping us tap into a universe of 5.8 million crypto-enabled accounts, and further establishing Bakkt as the B2B2C crypto provider of choice,” said Gavin Michael, CEO of Bakkt. “We’re looking forward to welcoming the Apex Crypto team members to Bakkt and working together to accelerate our growth and strategy.”
