According to CryptoSlate, digital asset infrastructure company Bakkt announced its financial results for Q2 2026, achieving a net profit of $80.8 million, reversing a loss of $14.7 million in the same period last year. Revenue during the period dropped 70% to $170.1 million, mainly due to customer transitions and weak digital asset trading volumes. The financial report indicates that the profit was not driven by improvements in crypto services but primarily came from a $98.5 million non-cash gain from the revaluation of warrants for Indian-listed company Transchem. As of the end of the quarter, Bakkt held $50.7 million in cash, cash equivalents, and restricted cash, with no long-term debt. https://www.(wublock123.com)/news/news-66350