Blockchain enthusiasts, we have good news for you! Bakkt, a digital asset company owned by Intercontinental Exchange (ICE), recently released a financial report. Let’s take a look at the highlights in this report!
First of all, Bakkt’s total revenue in 2023 reached US$780 million. Although the net loss was US$226 million, this number is already considerable. Even more exciting is that the company expects revenue to grow significantly to $5.1 billion in 2024, with a potential year-on-year growth of up to 555%!
Of course, as revenue grows, Bakkt also expects its crypto-related costs to remain consistent. The forecast range is between $3.2 billion and $5.02 billion.
Overall, although the market attitude is neutral, this financial report undoubtedly brings a glimmer of optimism to the future of Bitcoin. Let’s wait and see if Bakkt can achieve this goal in the coming years!
