In a startling revelation, digital asset services company Bakkt, once called Bitcoin’s ‘savior,’ recently filed an amendment to its quarterly report with the United States Securities and Exchange Commission (SEC). The amendment, dated February 7, 2024, contained a cautionary statement indicating that Bakkt may not have sufficient cash to sustain its operations over the next 12 months.

This disclosure has raised concerns about the company’s financial viability and sent shockwaves through the bitcoin community.

how did ICE and bakkt so terribly bungle things in a world where price has 10x’d and tradfi institutions have dominated over startups in the US

— juthica (@juthica)… Read more on bitcoinnews