Deep Tide TechFlow News, January 13th, according to The Block, blockchain infrastructure company Bakkt(NYSE: BKKT) announced plans to acquire stablecoin infrastructure provider Distributed Technologies Research Ltd.(DTR), issuing over 9 million Class A common shares to complete the transaction. Notably, DTR founder Akshay Naheta is also the current CEO of Bakkt. Following this news, Bakkt's stock price closed the day up 18%, at $19.21.
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Deep Tide TechFlow News, January 13th, according to The Block, blockchain infrastructure company Bakkt(NYSE: BKKT) announced plans to acquire stablecoin infrastructure provider Distributed Technologies Research Ltd.(DTR), issuing over 9 million Class A common shares to complete the transaction. Notably, DTR founder Akshay Naheta is also the current CEO of Bakkt. Following this news, Bakkt's stock price closed the day up 18%, at $19.21.