Express

ICE Spent Nearly $300M To Aid In Bakkt's Acquisition Of Loyalty Firm Bridge2 Solutions

Ramsey Baker

Summary: Intercontinental Exchange (ICE), the parent company to Bakkt, spent nearly $300 million aid the bitcoin warehouse in their acquisition of loyalty rewards provider Bridge2 Solutions. ICE’s CEO Jeffrey Sprecher said during a during ICE's Q1 earnings call on Thursday, that the company had "opportunistically repurchased shares," purchasing $300 million worth of shares at $92 per ...

Intercontinental Exchange (ICE), the parent company to Bakkt, spent nearly $300 million aid the bitcoin warehouse in their acquisition of loyalty rewards provider Bridge2 Solutions.

ICE’s CEO Jeffrey Sprecher said during a during ICE's Q1 earnings call on Thursday, that the company had "opportunistically repurchased shares," purchasing $300 million worth of shares at $92 per share during the quarter while keeping the company's leverage, measured as the ratio of debt to earnings before interest, taxes, depreciation, and amortization (EBIDTA).

By Ramsey Baker

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.