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Bakkt, Once In Limelight For Bitcoin Deal With Starbucks, Faces An Existential Crisis: ‘Might Not Be Able To Continue…’

Bakkt, a digital asset company in a filing with theSecurities and Exchange Commission (SEC) said that its liquidity may be insufficient to sustain operations over the next year. The firm said this is due to a “rapidly evolving environment” across the cryptocurrency industry. What Happened: Bakkt, which had links with companies like Starbucks and Mastercard, and a lineage connected to the proprietor of the New York Stock Exchange, stated its concerns about the current fiscal path in an SEC filing. “We might not be able to continue as a going concern,” the company said in a document filed with t…