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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

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Link: ICE Spent Nearly $300M To Aid In Bakkt's Acquisition Of Loyalty Firm Bridge2 Solutions   [Copy]
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