Recent market attention has focused on "hundred-bagger stocks" like DWAC and PHUN, but prices dropped mid-week. Investors who missed the rally are searching for the next big opportunity. Interestingly, one stock surged nearly 250% this week - and Li Ka-shing's venture capital firm was an early investor.
Bakkt Holdings' Meteoric Rise
Bakkt Holdings Inc. (NYSE: BKKT) saw its stock price skyrocket from $9.15 to a peak of $37.49 this week after announcing partnerships with:
- Mastercard (NYSE: MA)
- Fiserv (NYSE: FISV)
This represents a 4x increase from last Friday's closing price.
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Li Ka-shing's Strategic Investment
Horizons Ventures, Li's investment arm, participated in Bakkt's $182.5 million Series A funding round in 2018 alongside:
- Microsoft's M12
- Galaxy Digital
- Pantera Capital
- ICE (Intercontinental Exchange)
Bakkt's Evolving Crypto Platform
Originally offering only Bitcoin futures and options, Bakkt has expanded to provide:
- Multi-cryptocurrency trading
- Digital wallet services
- Institutional-grade custody solutions
The platform aims to bridge traditional finance with digital assets through:
- Simplified crypto debit/credit cards
- Seamless wallet transfers via Fiserv integration
- Merchant payment solutions with Mastercard
Why the Partnership Matters
The collaborations address three critical barriers to crypto adoption:
- Accessibility: Enables everyday spending of digital assets
- Trust: Backed by established financial institutions
- Utility: Expands real-world use cases
Investment Considerations
While Bakkt shows strong potential, investors should note:
- Extreme volatility expected
- Requires active risk management
- Long-term viability depends on regulatory developments
FAQ Section
Q: How does Bakkt differ from Coinbase?
A: Bakkt focuses on institutional solutions and mainstream integration, while Coinbase primarily serves retail investors.
Q: What percentage of Bakkt does Horizons Ventures own?
A: Exact stake undisclosed, but their 2018 investment suggests significant early position.
Q: Will Bakkt's services be available internationally?
A: Currently US-focused, with global expansion plans through Mastercard's network.
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Market Outlook
With Bitcoin nearing all-time highs and institutional adoption accelerating, Bakkt stands at the intersection of:
- Traditional finance
- Blockchain innovation
- Payment system evolution
The company projects acquiring 30+ million users within five years through its partnerships and product roadmap.
Remember: Crypto investments carry substantial risk - never invest more than you can afford to lose.