Bakkt released its Q1 2026 financial report, showing a net loss attributable to the company of $11.7 million, or $0.41 per share. In comparison, the net profit for the same period last year was $7.7 million. Due to a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion last year to $243.6 million this year, a year-over-year decrease of 77%. However, most of this was offset by crypto costs and brokerage fees. As of the end of Q1, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure to stablecoin payments and AI financial infrastructure. On April 30, the company completed its acquisition of Distributed Technologies Research, gaining access to an AI-native payment engine and a compliance technology stack for stablecoins. (Cointelegraph) https://(wublock123.com)/news/news-60944