Bakkt Holdings, Inc. BKKT is under pressure after investors filed a lawsuit on April 2, 2025. The issue centers around Bakkt's strong dependence on one major client, Webull Pay LLC, which brought in 74% of its crypto services revenue during the first nine months of 2024. On March 17, Bakkt announced it would be ending its agreement with Webull in June. Around the same time, Bank of America also backed out of a separate deal that made up 17% of Bakkt's loyalty services revenue — raising more questions about ...