Bakkt Holdings, Inc. (BKKT) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.116 been answered and you'd like to remove yourself from the queue, simply press star 11 00:00:04.116 -- 00:00:08.582 again. As a reminder, today's program is being recorded. 00:00:08.582 -- 00:00:13.628 I will now turn the call over to Cody Fletcher, Investor Relations Advisor 00:00:13.628 -- 00:00:16.709 at Bakkt. Please go ahead. 00:00:18.654 -- 00:00:24.441 Hello, everyone, and thank you for joining Bakkt's third quarter 2025 earnings call. 00:00:24.441 -- 00:00:29.072 Before we get started, I'd like to remind you, everyone, that During today's call, we 00:00:29.072 -- 00:00:32.236 may make certain forward-looking statements. 00:00:32.236 -- 00:00:37.624 These statements include, but are not limited to, our expectations regarding banks' transformation 00:00:37.624 -- 00:00:42.872 into a pure-play digital asset infrastructure company, the performance and future development 00:00:42.872 -- 00:00:45.916 of our markets, agent, and global, 00:00:45.916 -- 00:00:50.803 our international expansion strategy, including anticipated actions related to our Japan 00:00:50.803 -- 00:00:53.527 investment and future jurisdictions, 00:00:53.527 -- 00:00:58.667 our plans for platform upgrades, cost optimization, hiring, and brand 00:00:58.667 -- 00:01:00.149 initiatives, 00:01:00.149 -- 00:01:05.273 expectations regarding the stablecoin, bitcoin, and tokenization markets, and 00:01:05.273 -- 00:01:09.998 our outlook for 2026 KPIs and our planned investor day. 00:01:09.998 -- 00:01:14.382 These statements are based on management's current expectations and are subject to risks 00:01:14.382 -- 00:01:19.466 and uncertainties, which may cause actual results to differ materially from those expressed 00:01:19.466 -- 00:01:22.189 or implied in such forward-...