Bakkt Welcomes Mike Alfred, and the Stock Price Surges Over 50%

Mike Alfred has joined Bakkt Holdings Inc. following his appointment, and a sudden bullish momentum has been noted in the BKKT stock price. As per the official announcement dated September 22, 2025, the company has appointed Mike to its Board of Directors, with the aim of strengthening its position in the category globally.

Over the same development, Mike said in his X post that he is thrilled to announce that he has joined the board of Bakkt. Further expressing his excitement to work with Akshay Naheta, the co-CEO of the company, and the team to capitalise on the generational transformation in global finance infrastructure.

Mike’s appointment pushed BKKT stock above crucial EMAs

On September 22, 2025, BKKT stock opened trading at $14.30, and traded a low of $12.25, hit a high of $15.88, and closed trading at $14.70

Following this strong bullish sentiment, the stock price jumped above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. On September 23, pre-market, BKKT is expected to open trading at $14.81 with a surge of 0.75% from the last closing price.

According to TradingView, the BKKT stock price grew by 53.12% in a week, 84.19% in a month, and surged nearly 13.87% in the past three months.

Akshay Naheta, the CEO, said after Mike’s appointment that, “ We are doubling down our mission to build next-generation financial infrastructure by bringing world-class leaders onto our board.”

“Mike’s proven track record and reputation in ten digital assets and the fintech ecosystem bring unparalleled expertise, a powerful network, and institutional credibility. His perspective will be critical as we execute with precision on our strategy to deliver long-term value for our shareholders”, Akshay added.

As of publishing, the market capitalization of Bakkt is $0.23 billion, which grew by 31.56% in 2025; the cap was $0.17 billion in 2024 and $0.20 billion in 2023.

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