Intercontinental Exchange, the parent company to Bakkt, spent close to $300 million helping the bitcoin warehouse acquire loyalty rewards provider Bridge2 Solutions, CEO Jeffrey Sprecher said Thursday.
“We also spent nearly $300 million helping Bakkt to acquire Bridge2 solutions,” Sprecher said.
Bakkt announced it would acquire Bridge2 in February, while simultaneously raising a $300 million Series B funding round.
Rapid changeAside from two references to Bridge2, Bakkt was not mentioned during the earnings call.
That call came right after ICE announced it was acquiring Bridge2, and Sprecher said at the time the move could open a potential $1 trillion market.

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