v3.25.2
Goodwill and Intangible Assets, Net (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in goodwill consisted of the following (in thousands):
Balance as of January 1, 2025
Goodwill$1,579,265 
Accumulated impairment(1,511,264)
68,001 
Sale of Bakkt Trust(3,343)
Balance as of June 30, 2025
Goodwill1,575,922 
Accumulated impairment(1,511,264)
$64,658 
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):
June 30, 2025
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Trademarks / trade namesIndefinite$2,900 $— $2,900 
Total$2,900 $— $2,900 
December 31, 2024
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Trademarks / trade namesIndefinite2,900 — 2,900 
Total$2,900 $— $2,900 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):
June 30, 2025
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Trademarks / trade namesIndefinite$2,900 $— $2,900 
Total$2,900 $— $2,900 
December 31, 2024
Weighted Average Useful Life (in years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Trademarks / trade namesIndefinite2,900 — 2,900 
Total$2,900 $— $2,900