In brief
- Crypto industry veteran Michael Alfred is joining the board of Bakkt, a provider of digital asset services.
- The company’s share price jumped more than 40% on the day.
- Bakkt has been looking to reposition itself in recent months, including with plans for a potential Bitcoin treasury.
Bakkt Holdings’ share price jumped past analysts’ one-year consensus target on Monday after the provider of digital asset services announced that noted crypto investor and entrepreneur Michal Alfred was joining the board.
BKKT rose more than 40% on the day to close at $14.70 per share, its highest level since late July, according to Yahoo Finance data, and above analysts’ average prediction of $13.26. Alfred was a co-founder of Digital Assets Data,…
