Bakkt Holdings surged 13.46% intraday after announcing its $10 million investment in 47.5 million Transchem warrants. The move, disclosed on November 21, 2025, includes warrants exercisable for Transchem stock within 18 months and hints at a potential acquisition target in Indian stock broking. The transaction, which aligns with Bakkt’s strategic expansion, likely drove immediate optimism among investors, overshadowing technical indicators of bearish momentum. The SEC filing on November 24, 2025, further validated the investment structure, reinforcing market confidence in the partnership’s potential.
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