Should I buy Bakkt stock in 2025? (NZ Perspective)

What is Bakkt?

How much is the Bakkt stock?

The price of Bakkt stock is rising this week. As of today, Bakkt Holdings (BKKT) trades at $11.34 USD, up 2.53% over the last 24 hours, but down 6.74% for the week. The current market capitalisation stands at $153.86 million, with an average daily volume of 430,230 shares over the past three months.

Bakkt currently has no P/E ratio, as it remains unprofitable, and offers no dividend yield; its stock beta is 2.53, signalling considerable price volatility.

This high level of volatility and exposure to crypto markets may appeal to investors looking for speculative growth opportunities in the New Zealand market.

Our full analysis on Bakkt stock

After a thorough review of Bakkt Holdings’ most recent earnings, historical stock performance, and comparative market analysis—synthesized using our proprietary multi-factor quant models—it is clear that Bakkt Holdings (NYSE: BKKT) has reached an important inflection point. By integrating financial metrics, technical signals, and sectoral data, we observe emerging bullish structures that suggest renewed upward potential within the digital asset ecosystem. So, why might Bakkt stock once again become a strategic entry point for technology-focused portfolios in 2025?

Recent Performance and Market Context

Bakkt’s share price currently stands at $11.34 USD (as of 30 May 2025), reflecting a modest 2.53% intraday rise, despite a one-week pullback of 6.74%. Over the past six months, the stock has seen a sharper retracement (down 59.28%), and is off 35.57% over twelve months. While such volatility may seem daunting, it must be contextualized within Bakkt’s capital market peer group and the broader digital asset sector, which is naturally more cyclical and sentiment-driven than traditional financial equities.

Yet, recent company-specific advances point to renewed momentum. Q4 2024 saw a record trading volume of $1.78 billion—a 465% gain from Q3 levels—demonstrating rapidly accelerating institutional adoption. This milestone follows continued international expansion, with Bakkt activating new crypto capabilities in multiple jurisdictions and adding seven new tokens to its trading suite. The company’s growing global reach mirrors heightened enterprise and consumer interest in regulated digital asset solutions, driven by increasingly crypto-literate corporate clients.

At a sector level, tailwinds remain robust. Institutional demand for enterprise-grade crypto infrastructure is rising, driven by the mainstreaming of blockchain in payments, loyalty, and commerce. A convergence of regulatory clarity in major markets and positive sentiment across digital asset platforms (bolstered by strong financial blogger optimism—100% vs 68% for the sector) helps underpin a more supportive environment for Bakkt’s business model as the digital finance landscape matures.

Technical Analysis

Technical signals currently position Bakkt at the confluence of strategic support. The 14-day RSI is almost neutral at 49.96, suggesting a pause that often precedes trend establishment. More intriguingly, the MACD (0.45) signals nascent bullish momentum, having crossed above its signal line.

• Major support sits at $10.65–$11.25, with $8.44 as an ultimate downside pivot.
• Resistance emerges at $12.34 and $14.47—regions likely to trigger momentum trading if breached.

The price remains above its 50-day moving average ($10.11, currently a bullish signal) but beneath the longer-term 100-day ($14.24) and 200-day ($15.27) averages. This configuration—short-term strength amid long-term oversold conditions—suggests that a medium-term reversal could be underway, especially if reinforced by further volume surges. While ChartMill’s technical ranking of 3/10 and the lower half of the 52-week range ($6.81–$37.21) indicate Bakkt is in an accumulation zone, the support structure bolsters the case for investors seeking strategic entry levels ahead of a possible trend inflection.

Fundamental Analysis

From a fundamentals perspective, Bakkt’s Q3 2024 revenue soared to $328.4 million, up 60.4% year-on-year—a figure well above analyst expectations. Of this, $316.3 million stemmed from crypto revenue (a 65% YoY lift), while loyalty revenue came in at $12.1 million. Though the firm remains unprofitable (EPS at -$0.45), this was a dramatic outperformance compared to the consensus estimate of -$1.60, reflecting meaningful operating leverage as scale increases.

Unlike many pre-profit tech stocks, Bakkt commands a relatively modest market capitalisation of $153.86 million, with significant embedded optionality should its trading, custody, and SaaS offerings continue to gain institutional traction. While Bakkt does not currently pay a dividend and its P/E ratio is not applicable, its price-to-sales ratio—when measured against explosive revenue growth—appears attractive in relative terms for a company with demonstrable momentum in a maturing niche.

• Innovation leadership in regulated, institutional-grade crypto custody and trading.
• First-mover advantage in integrating crypto APIs for B2B2C partners.
• Increasing market share driven by global expansion and the roll-out of new tokens/services.
• Brand strength as a trusted, enterprise-facing financial technology provider.

Collectively, these attributes help offset near-term profitability constraints—a pattern often seen in high-growth technology cycles.

Volume and Liquidity

Bakkt’s average daily trading volume of 430,230 shares (over 50 days) evidences robust market participation, ensuring ample liquidity even for larger block trades. With only 6.73 million outstanding shares and a public float of 5.9 million shares, the tightly held structure creates the conditions for dynamic valuation adjustments in response to positive catalysts—thereby heightening both the risk profile and the potential for outsized upward movement.

Such volume patterns—aligned with renewed analyst coverage and positive blog sentiment—reflect ongoing institutional and retail confidence, positioning Bakkt to benefit quickly from shifts in market narrative or fundamentals.

Catalysts and Positive Outlook

• Explosive trading volume growth: The Q4 surge validates the platform’s institutional appeal and could be a prelude to recurring record quarters if momentum holds.
• International expansion: New regulatory approvals and operational footprints in additional geographies extend Bakkt’s addressable market and enhance client diversification.
• Product innovation: The addition of new tokens and tailored API/SaaS offerings opens significant cross-sell and up-sell opportunities, attracting a broader ecosystem of enterprise clients.
• Crypto adoption acceleration: As enterprises integrate digital asset rails into commerce and loyalty platforms, Bakkt is well-positioned to capture flows and deepen client relationships.
• Market sentiment: With a consensus price target of $13.00 and a market-wide pivot toward digital asset infrastructure, Bakkt stands to benefit disproportionately from any uplift in sector optimism.
• ESG alignment: As institutional and corporate customers increasingly value technology partners with robust security, compliance, and sustainability credentials, Bakkt’s enterprise-grade compliance and dedicated digital-first services may be a tailwind.

The convergence of these drivers may help moderate Bakkt’s historical volatility, providing platforms for sustained operational and financial improvement.

Investment Strategies

From a portfolio construction perspective, Bakkt offers compelling entry points across time horizons:

• Short-term positioning:
• The proximity to key support ($10.65–$11.25) provides an asymmetric risk/reward setup for tactical traders, especially with bullish MACD signals and robust market volume.
• Potential for technical rebounds toward first resistance ($12.34), with momentum to extend toward $14.47 should positive news flow persist.
• Medium-term approach:
• The currently low P/S valuation, coupled with accelerating revenue and recent earnings outperformance, underpins a credible thesis for a re-rating over the coming quarters.
• Bakkt’s global expansion and product upgrades could translate into faster top-line growth and improved cost absorption, driving valuation multiples above the current sector discount.
• Long-term allocation:
• Institutional clients’ ongoing crypto adoption, the mainstreaming of digital asset infrastructure, and Bakkt’s innovation pipeline suggest sustained addressable market growth, supporting the thesis for compounding optionality and operational leverage over a multi-year horizon.
• For NZ investors, Bakkt’s NYSE listing and USD-denominated shares offer global diversification benefits aligned with the rising influence of digital assets across capital markets.

By combining technical entry at or above support, medium-term positioning ahead of potential breakout catalysts, and long-term conviction in sector leadership, investors can tailor allocations to risk tolerance while maximizing exposure to Bakkt’s upside potential.

Is it the Right Time to Buy Bakkt?

In summary, Bakkt Holdings exhibits a confluence of factors making it a particularly interesting consideration for NZ investors seeking exposure to the global digital asset revolution. The company’s explosive revenue growth, proven ability to beat consensus expectations, and rapidly expanding international footprint have fueled a resurgence in operational momentum. Technically, the stock is consolidating at major support levels—with building bullish indicators and healthy daily volume—suggesting that entry at current levels may capture the strength of any forthcoming trend reversal.

Critically, Bakkt’s structural advantages in regulated crypto infrastructure, relentless pace of product innovation, and strong enterprise brand set it apart in a crowded sector. Analyst sentiment and industry buzz continue to build, underpinned by a consensus target above the current price—a strong endorsement from the professional investment community. While volatility remains high as the sector matures and the company works toward profitability, these very traits provide a powerful combination of risk-adjusted reward for those with a forward-looking perspective.

For those building globally diversified portfolios, or seeking a leading-edge position in the digital asset infrastructure ecosystem, Bakkt seems to represent an excellent opportunity at these levels. Its blend of robust fundamentals, favorable technicals, and imminent catalysts offers the profile of a stock that may be entering a new bullish phase—one worthy of serious consideration as the fintech sector accelerates into 2025.

As the convergence of technology, regulation, and digital finance reshapes capital markets worldwide, Bakkt demonstrates the potential to establish itself as a strategic player—making now a compelling moment to closely evaluate this dynamic opportunity.

How to buy Bakkt stock in New Zealand?

Buying Bakkt Holdings (BKKT) stock online is both straightforward and secure when you use a regulated broker in New Zealand. With just a few clicks, investors can access US markets, manage their portfolios, and track real-time prices in NZD. There are two main ways to get exposure: a direct (spot) purchase, where you own the actual shares, and CFDs (contracts for difference), which allow you to speculate on price movements without owning the stock. Each method has distinct features and fees. Ready to start? See our broker comparison further down this page to find the option that best suits your needs.

Spot Buying

A cash or spot purchase means you buy Bakkt shares outright via your broker, becoming the legal owner. This approach is popular for long-term investors seeking direct exposure and the right to vote at shareholder meetings. Typically, NZ brokers charge a fixed commission per transaction, often around NZ$5–$15 (usually displayed in your trading account). For example, if Bakkt shares are priced at US$11.34 each (approx. NZ$18.30, depending on the current exchange rate), with a NZ$1,000 investment you could buy about 54 shares (allowing for a NZ$5 brokerage fee).

Gain scenario: Spot buying

✔️ Gain Scenario:
If Bakkt’s share price climbs 10%, your 54 shares are now worth NZ$1,100.
Result: That’s a NZ$100 gross gain – a 10% return on your initial investment, before taxes and any currency conversion fees.

Trading via CFD

CFDs (Contracts for Difference) let you speculate on Bakkt’s price moves without owning the underlying shares. This is available via leveraged trading accounts, popular among more active, risk-tolerant traders. Instead of a fixed commission, you’ll pay a spread (the difference between buy/sell rates), plus an overnight financing fee if you keep positions open long term. For example, with NZ$1,000 and 5x leverage, you could open a CFD “position” with NZ$5,000 market exposure.

Gain scenario: CFD trading

✔️ Gain Scenario:
If Bakkt shares rise by 8%, the value of your position increases 8% × 5 (leverage) = 40%.
Result: That’s a NZ$400 gain on your NZ$1,000 margin (excluding spreads and financing costs).

Final Advice

Before investing, it’s important to compare brokers: each provider differs on fees, minimum deposits, available leverage, and access to international stocks. Your choice between spot buying and CFDs depends on your strategy, risk appetite, and whether you prefer owning the shares or trading short-term price movements. Take the time to review our broker comparison further down the page to find the platform that best matches your investment goals and trading style.

Our 7 tips for buying Bakkt stock

The latest news about Bakkt

Bakkt is showing signs of operational momentum with a surge in trading volumes and improved earnings. Over the recent quarter, Bakkt reported a record trading volume of $1.78 billion, marking an explosive 465% growth over the prior quarter, accompanied by a 60.4% year-on-year revenue increase to $328.4 million. Notably, earnings per share have beaten analyst estimates by nearly 72%, signaling a much smaller loss than anticipated and reflecting operational improvements that may appeal to investors seeking exposure in the digital asset sector.

The company's international expansion signals increased accessibility to Bakkt’s crypto services for APAC partners, including New Zealand institutions. Bakkt has activated its cryptocurrency capabilities in several new international regions within the last week, reinforcing its strategy as a global B2B2C infrastructure provider. This expanded coverage increases opportunities for New Zealand companies—particularly fintechs, corporate loyalty programs, and local exchanges—to integrate Bakkt’s regulated custody, trading, and digital asset solutions into their customer offerings, paving the way for future cross-border collaborations and ecosystem growth.

Technical indicators are mixed but show emerging positive momentum, which could interest tactical traders in New Zealand. Bakkt is currently trading at $11.34 USD, with a neutral RSI (49.96) but a positive MACD (0.45), providing a technical buy signal in the short term. The stock trades just above its 50-day moving average but remains below longer-term averages, resulting in a “neutral” short-term trend and a “negative” long-term trend. Nonetheless, current technical support levels at $11.08-$11.25 are holding, and the stock is in the mid-range of its monthly trading corridor, offering disciplined entry points for market participants in NZ who can tolerate above-average volatility (beta 2.53).

Product expansion continues, with the addition of seven new tokens to Bakkt’s regulated trading platform. This further diversification of available digital assets enhances Bakkt's value proposition for institutional partners, including prospective New Zealand entities exploring compliant crypto infrastructure for client engagement or investment services. Such a move reflects Bakkt’s ongoing innovation, showing responsiveness to both market demand and regulatory considerations, thus supporting its positioning as a secure and forward-thinking fintech player.

Market sentiment toward Bakkt remains optimistically above sector averages despite ongoing losses, buoyed by positive analyst consensus and financial outperformance. Bakkt’s price target, as set by analysts, stands at $13.00 USD—modestly above the current price and indicative of a constructive outlook. Market sentiment is rated optimistically (100% positive among financial bloggers), outpacing the sector average and pointing to sustained confidence among market observers, including those tracking fintech trends from New Zealand. This optimism is reinforced by consistent overachievement relative to revenue and earnings expectations, with attention warranted for future moves towards profitability and additional regional partnerships.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.