Loeffler’s old Bitcoin platform going public

Bakkt, the cryptocurrency trading platform that Kelly Loeffler headed before entering the U.S. Senate, will soon trade its own shares in the stock market. Victory Park Capital, based in Chicago, agreed to acquire Bakkt through the formation of a special-purpose acquisition company, according to a Monday news release. Bakkt shares will be listed on the New York Stock Exchange with an estimated value of $2.1 billion. The deal is expected to close in the second quarter. On Monday, Bakkt named former Citigroup executive Gavin Michael as CEO. A Bakkt spokeswoman said Loeffler will not return to the…

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