It’s been six months since I joined @Bakkt, and the pace of change and execution has been intense: sharpening our focus as a next-gen financial infrastructure platform and exiting non-core businesses like Loyalty (on track to close by Sept 30). We’ve optimized costs, reshaped

The AI Endgame: Three Paths, One Inevitable Destination 1️⃣ IPOs - if the economics work 2️⃣ Big Tech acquisitions - antitrust issues 3️⃣ Consortium bailout - the Visa/Mastercard model Add a likely U.S. power and debt guarantee (plus warrants), and AI becomes national

Markets rise and fall, but @WarrenBuffett shows that wisdom and decency compound forever. #WarrenBuffett #Investing #Wisdom Last Letter: https://t.co/TByKCB903r

Intelligence = energy — China is racing ahead. ⚡️ Cheap power = more compute = faster intelligence. The U.S. & rest of world have a lot to catch up on electrification. #AI $NVDA

#OpenAI may have kicked off the trend — supposedly offering a “creditworthy” backstop that fixed income investors love (creditworthiness lies in the eye of the beholder? 👀) Now $META and others are joining the game. I’d definitely use #ChatGPT to comb through the footnotes over

@OpenAI has to IPO. Revenues can’t catch up to $1.4T+ in AI infrastructure spend and lease obligation commitments. The IPO isn’t ambition, but a matter of survival — it’s oxygen for the entire #AI ecosystem.

📅 $BKKT will report Q3’25 results pre-market on Nov 10 and host the earnings call at 8:30 AM ET to review the quarter.

Capex spending of ~$400 bn between $AMZN, $GOOG, $MSFT and $META — ~31% of the entire S&P 500’s total capex. A historic capital cycle is unfolding. The #AI buildout dwarfs everything before it. 🏗️

The AI race is no longer about innovation — it’s about sovereignty 🧠 Whoever masters intelligence, shapes the century 🌍 The US and China are racing for control, while the rest watch from the sidelines 🇺🇸🇨🇳 The outcome may define the next 100 years (see charts) 📊 #AI

The tech industry has quietly turned AI into a national-security project — too big to fail, too strategic to slow. Hundreds of billions are being poured into chips, data centers, and compute — commitments larger than most nations’ GDPs. Buried in these mega-deals are financial

Welcome @LynAldenContact to @Bakkt. $BKKT is strengthening its Board with world-class governance and strategic depth as we gear up for the next chapter. A fellow engineer, Lyn is one of the most original thinkers at the crossroads of macro, markets & engineering. 💹⚙️ 🔗

Talent is the real flex. Thrilled to welcome @jeremyjauncey to @Bakkt as Strategic Advisor for Brand, Creative & Distribution. The $BKKT team keeps getting stronger - and we’re just getting started @mikealfred. 🚀

@Bakkt Update: $BKKT turnaround entering the top of the 8th - operational cleanup ongoing, structure simplified, attracting world-class talent, momentum building for a year-end completion ⚾️ @Bakkt to execution mode 🏗️

Major simplification underway ��� $BKKT moving to a single share class effective ~Nov 03 2025. Streamlined. Stronger. Shareholder-aligned. You asked, we delivered ✅ @Bakkt to the grind ⚒️ 🔗

Samsung’s new 7M-parameter Tiny Recursive Model (TRM) reportedly outperforms DeepSeek, Gemini 2.5, ChatGPT, and Anthropic - while being ~10,000× smaller. If true, it could mark a major inflection in AI’s future cost curve: less compute, smarter inference. For years, the

Feels like the bottom of the 7th in the $BKKT turnaround. ⚾️ @Bakkt with a vengeance.

- New @FederalReserve Chair soon - Negative real rates - 6%+ @USGov deficits Global monetary inflation’s the DJ. Party like it’s 1999. 🎶💰 #Macro #Markets #Bitcoin

The AI infrastructure boom feels like a modern-day gold rush — fueled by increasingly inventive financing. Let’s hope the monetization and cash-flow curves outrun depreciation and debt maturities. ⏱️ #AI #OpenAI #Nvidia #AMD #Oracle

Several investors have raised thoughtful questions about @Bakkt’s corporate structure. We currently operate under an “Up‑C” dual‑class structure — originally designed to preserve tax benefits for pre-IPO shareholders. While this setup carries no differential voting rights, its