Bakkt Investors Cheer Insider Purchases, Stablecoin Growth Strategy – Bakkt (NYSE:BKKT)

• Bakkt stock is charging ahead with explosive momentum. What’s driving BKKT stock higher?

Insider Buying Boosts Investor Sentiment

SEC filings showed Director Michael Alfred, through Alpine Fox LP, purchased about 585,000 shares between May 15 and May 18 at weighted-average prices of $8.34 and $8.20 per share, increasing his indirect holdings to 625,000 shares.

CEO Akshay Sudhir Naheta also exercised 33,557 committed stock options on May 15 at $10 per share under a Rule 10b5-1 trading plan.

Intercontinental Exchange remains Bakkt’s largest shareholder, with approximately a 19.8% stake.

Quarterly Results Miss Expectations

Earlier this month, Bakkt reported first-quarter revenue of…

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Why Is Canaan Stock Falling Tuesday? – Canaan (NASDAQ:CAN)

First-Quarter Revenue And Earnings Weaken

First-quarter revenue declined to $62.69 million from $82.8 million a year earlier, although it slightly topped analyst estimates of $61.35 million. The company reported a quarterly loss of 13 cents per share, wider than analysts’ expectations for a loss of 7 cents per share.

Gross Loss Widens Amid Market Pressure

Canaan posted a gross loss of $22.9 million for the quarter, compared with a gross profit of $646,000 a year earlier. Net loss widened to $88.7 million from $86.4 million in the prior-year period.

As of March 31, 2026, the company held cryptocurrency assets with a fair value of $66.2 million, including 802.6 Bitcoins owned by the company…

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Goldman Sachs Dumped Its XRP Holdings But ETFs Still Saw $67M Inflows: What’s Going On?

Investors Rotating Into Selective Altcoin Exposure

CoinShares Head of Research James Butterfill noted that investors are looking past Bitcoin and Ethereum for selective exposure. 

The divergence comes as XRP held up better than Ethereum during the recent selloff, down 5.1% over the past week compared with Ethereum’s 7.4% drop.

Goldman Sachs Dumped All XRP And Solana ETF Holdings

Goldman also dumped the entirety of its holdings in Bitwise Solana Staking ETF (NYSE:BSOL), Fidelity Solana Fund, Grayscale Solana Trust ETF, VanEck Solana ETF, Franklin Solana ETF, and 21Shares Solana ETF.

The firm maintained Bitcoin and Ethereum exposure with reduced stakes. Goldman reported holding 17.985…

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Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says — But Most Crypto Holders Still Haven’t Borrowed

A new report from Bitcoin lending platform Ledn is putting a big number on a market that barely exists yet: $1 trillion. The company released research showing that the consumer Bitcoin-backed loan market — currently worth around $3 billion — could grow 300 times larger within the next decade. 

To put that in context, Galaxy Research pegged the entire crypto lending market, across every type of platform and product, at a $73.6 billion all-time high in Q3 2025. Ledn is betting the consumer Bitcoin slice alone will dwarf that figure.

The research was conducted by Protocol Theory, a consumer insights firm, and surveyed 1,244 cryptocurrency holders across the United States and…

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Canaan (CAN) Wins Contract To Supply Crypto Mining Heat To Nordic District Heating Network

Canaan Inc. (NASDAQ: CAN), the Bitcoin mining equipment manufacturer, has secured a contract to provide heat-recovery computing infrastructure to a district heating network in the Nordic region, the company announced today.

The deal centers on Canaan’s Avalon A1566HA hydro-cooled mining units, which capture thermal output from Bitcoin mining operations and redirect it as hot water into residential heating systems. The units generate water at approximately 80 degrees Celsius — a temperature range compatible with existing district heating infrastructure.

The project is structured in two phases. A first phase of 228 A1566HA units, totaling 2 MW of heating capacity, is…

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Strive (ASST) Stacks Another 382 BTC, Total Treasury Climbs To 15,391 Bitcoin

Strive, Inc. (Nasdaq: ASST) has acquired an additional 382 bitcoin for approximately $30.3 million, paying an average cost of roughly $79,348 per coin, according to an 8-K filing with the U.S. Securities and Exchange Commission.

The purchase, executed between May 13 and May 18, lifts the Dallas-based Bitcoin treasury and asset management firm’s total holdings to 15,391 BTC — cementing its status as one of the largest public corporate holders of the digital asset.

The latest accumulation adds to a relentless buying streak that has seen Strive grow its treasury by more than 2,200 BTC since January 2026, when the company held 12,798 BTC following its acquisition of Semler…

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MSTR Dumps 6% Despite Bullish TD Cowen Projection: What Is Going On? – Strategy (NASDAQ:MSTR)

Strategy Already Exceeded Q2 Bitcoin Purchase Forecast

Strategy has already acquired more Bitcoin partway through Q2 than TD Cowen had modeled for the entire quarter. 

The firm now forecasts roughly 100,000 BTC purchased in Q2 alone, lifting full-year BTC Yield projections to 19.8% from 18.2%.

Preferred equity issuance has dominated capital raises in Q2 with roughly $1.95 billion raised versus minimal common equity issuance. 

Nearly all proceeds have been deployed directly into Bitcoin purchases.

Bitcoin per 1,000 fully diluted shares reached 2.21x as of May 17, up from 1.95x at the end of 2025. TD Cowen called the trajectory a core validation of Strategy’s financing model, with Bitcoin…

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ETFs: Wall Street Bets On Market That’s All On-Chain – Common Shares of Beneficial Interest of Bitwise Hy

Hyperliquid-linked ETFs are rapidly evolving into one of Wall Street’s newest crypto infrastructure trades, as issuers race to launch products tied to the fast-growing decentralized derivatives ecosystem.

Kam Benbrik, Head of Research at Bitwise Asset Management’s Bitwise Onchain Solutions division, says the story is no longer just about token exposure — it is increasingly about gaining access to verifiable, real-time on-chain financial activity.

“Having a fully onchain order book means that every order and trade is recorded directly on the blockchain,” Benbrik said. “There is no off-chain matching engine and no operator that can reorder or delay transactions in the… Read more on Benzinga

SEC Looking To Open The Door For Tokenized Stocks: Report

The U.S. Securities and Exchange Commission is putting the finishing touches on a framework that would allow digital, blockchain-based versions of publicly traded stocks to trade on crypto platforms — a move that signals how far Washington has traveled in its relationship with an industry it once treated with suspicion.

According to a Bloomberg report published Monday, the SEC plans to release an “innovation exemption” for tokenized securities as early as next week. The proposal, under development by an agency now led by Chair Paul Atkins, would create a lighter regulatory pathway for platforms offering digital representations of equities without requiring full registration…

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Bitcoin Miners Will Gain From AI Deals, Bernstein Says: The Tickers To Watch

Bernstein has assigned Outperform ratings to four Bitcoin (CRYPTO: BTC) miners, citing over $90 billion in AI deals covering 3.7 gigawatts of power capacity across hyperscalers, neoclouds, and chip providers.

Price Targets Imply Massive Upside From Monday Close

Bernstein set a $100 price target on IREN (NASDAQ:IREN), implying 98.1% upside from Monday’s $50.46 close. 

CleanSpark (NASDAQ:CLSK) received a $24 target, implying 78.5% upside from $13.44.

MARA Holdings (NASDAQ:MARA) maintained its Market Perform rating with a $23 target, implying 88.8% upside from $12.18.

Follow The Gigawatts: Miners Control 27 GW Of Power Capacity

Bernstein analysts led by Gautam Chhugani argued that Bitcoin…

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