Director Michael Alfred Adds $2.1M to Bakkt Stake at $7.12
BKKT is trading near its 52-week low of $6.71 (7.8% above the low).
Summary
Director Michael Alfred bought $2.1 million of Bakkt stock on August 18, 2026, at $7.12 per share, adding to his $2.17 million purchase in June.
Key Events · Ownership and Investor Activity · BKKT
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Director Buys $2.1M in Open Market
Michael Alfred purchased 296,567 shares at $7.12 per share on August 18, 2026, for a total of $2,111,557.
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Second Major Purchase in Two Months
This follows his $2.17 million open-market purchase on June 11, 2026, bringing his total recent buys to over $4.2 million.
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Holdings Rise to 1.2M Shares
Post-transaction, Alfred holds 1,201,567 shares indirectly through Alpine Fox LP, over which he has control.
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Purchase Amid Operational Distress
Bakkt's Q2 revenue fell 70% year-over-year to $170.1M, core operations lost $19.6M, and the company replaced its CFO on August 17, 2026.
Analysis · BKKT · Crypto Assets
A board member's continued buying during operational distress is a notable signal. On August 18, 2026, Director Michael Alfred made another significant open-market purchase of $2.1 million in Bakkt stock at $7.12 per share. This follows his $2.17 million purchase on June 11, 2026, and brings his total holdings to 1,201,567 shares. The purchase comes amid a challenging period for Bakkt: Q2 revenue collapsed 70% year-over-year, core operations lost $19.6 million, and the company recently replaced its CFO. Alfred's continued accumulation, now totaling over $4.2 million in open-market buys in roughly two months, is a notable vote of confidence from a board member during a period of operational distress.
At the time of this filing, BKKT was trading at $7.24 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $326.1M. The 52-week trading range was $6.71 to $49.79. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.