Bakkt plans to acquire stablecoin payment company DTR for 9.12 million shares

Bakkt Holdings (NYSE: BKKT) announced that it has signed an agreement to acquire global stablecoin payment infrastructure company Distributed Technologies Research Ltd. (DTR) for approximately 9128682 Class A common shares, in order to promote the integration of its stablecoin settlement and digital banking businesses. The transaction requires approval from regulatory agencies and shareholders, and ICE will vote in favor of the transaction. The company plans to rename itself as "Bakkt, Inc." on January 22nd and hold Investor Day on March 17th on the New York Stock Exchange.