v3.25.2
Related Parties - Narrative (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 15, 2025
Mar. 27, 2025
Aug. 12, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 29, 2025
Jun. 29, 2025
Jun. 18, 2025
Mar. 31, 2025
Mar. 30, 2025
Dec. 31, 2024
Related Party Transaction [Line Items]                          
Loss on sale of Bakkt Trust           $ 2,301 $ 0            
Restricted cash       $ 17,965 $ 34,031 17,965 34,031           $ 24,889
Prepaid expenses       2,143   2,143             2,569
Related Party                          
Related Party Transaction [Line Items]                          
Other current liabilities       0   0             2,360
ICE | Related Party                          
Related Party Transaction [Line Items]                          
Loss on sale of Bakkt Trust $ 2,300                        
ICE | Related Party | Transition Services Agreement                          
Related Party Transaction [Line Items]                          
Other current liabilities       0   0             $ 2,400
Line of Credit | ICE Credit Facility                          
Related Party Transaction [Line Items]                          
Maximum borrowing capacity     $ 40,000           $ 20,000     $ 10,000  
Annual increase in interest, when interest is elected to be paid-in-kind     1.00%                    
Interest rate in event of default     2.00%                    
Commitment fee percentage     0.50%                    
Proceeds from lines of credit   $ 5,000                      
Long-Term Debt, Gross                     $ 5,000    
Interest expense       $ 200 $ 0 $ 200 $ 0            
Debt instrument, interest rate                   16.30%      
Line of Credit | ICE Credit Facility | Secured Overnight Financing Rate (SOFR)                          
Related Party Transaction [Line Items]                          
Debt instrument, variable rate     12.00%                    
Line of Credit | ICE Credit Facility | Prime Rate                          
Related Party Transaction [Line Items]                          
Debt instrument, variable rate     11.00%                    
Line of Credit | ICE Credit Facility | Subsequent Event                          
Related Party Transaction [Line Items]                          
Maximum borrowing capacity               $ 30,000