12:47 PM EDT, 06/07/2024 (MT Newswires) -- (Updates with additional details, attempts to reach the company for comment, and recent stock move.)

Bakkt Holdings ( BKKT/WS ) is mulling a potential sale amid a spike in crypto-related takeover activity, Bloomberg reported, citing people familiar with the matter.

The company is working with a financial advisor to evaluate strategic alternatives, which include a breakup, the report said.

Bakkt ( BKKT/WS ) has not yet made any final decision and might decide to remain independent, it said.

A representative for the company declined Bloomberg's request for comment.

Bakkt ( BKKT/WS ) did not immediately respond to MT Newswires' request for comment.

Shares of the company were up 9.5% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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