Leases	6 Months Ended
Jun. 30, 2026
Leases [Abstract]
Leases	Leases The Company leases real estate for office space under operating leases. There are no restrictions or covenants imposed by any of the leases, and none of the Company's leases contain material residual value guarantees. In November 2025, Bakkt executed a Termination of Lease Agreement (the "Lease Termination") for its corporate headquarters office space in Alpharetta, Georgia. The Company recognized income of approximately $7.1 million related to the lease termination, which was recognized in Other (expense) income, net in the consolidated statements of operations. In December 2024, the Company signed a Lease Assignment and Assumption Agreement (the “Lease Assignment”) for its New York office lease, whereby a third-party agreed to assume all the Company’s rights, title and interest in and to the lease, including but not limited to the performance by the third-party of all of the Company’s duties and obligations under the lease. The Lease Assignment was contingent upon the landlord’s consent. In January 2025, the Company signed an Assignment and Assumption of Lease with Landlord’s Consent for the New York office lease, which provided the landlord’s consent to the Lease Assignment. The Company is jointly and severally liable with the third-party assignee for the obligations under the New York office lease. For the six month period ended June 30, 2025, the Company recognized income of approximately $1.8 million related to the Lease Assignment, net of approximately $0.9 million paid to the third-party assignee under the Lease Assignment, all of which was recognized in Other (expense) income, net in the consolidated statements of operations. The Company leases office space in New York under a short-term lease. In April 2026, the Company entered into a 24-month operating lease for office space in Atlanta, Georgia, expiring in March 2028. At commencement, the Company recorded an initial operating lease liability of $81,683 and a right-of-use (ROU) asset of $82,283, which included $600 of capitalized initial direct costs. The lease liability was measured using the Company’s incremental borrowing rate of 7.0%. Variable lease costs and refundable security deposits were excluded from the lease liability measurement. For the three months ended June 30, 2026, operating lease expense was approximately $11,000. As of June 30, 2026, the balance of the operating lease liability was $71,792 (classified as current), and the balance of the ROU asset was $72,602. Bakkt had a second office lease in Alpharetta, GA that expired in April 2026. As of June 30, 2026 and December 31, 2025, the Company did not have any active finance leases. As of June 30, 2026, the weighted average remaining lease term for the Company's operating leases was approximately 22 months, and the weighted average discount rate was 7.0%. As of December 31, 2025, the weighted average remaining lease term for the Company's operating leases was approximately 4 months, and the weighted average discount rate was 5.0%. The Company was party to short-term leases during the three and six months ended June 30, 2026 and June 30, 2025, which resulted in less than $0.1 million of rent expense, for all periods.

In November 2025, Bakkt executed a Termination of Lease Agreement (the "Lease Termination") for its corporate headquarters office space in Alpharetta, Georgia. The Company recognized income of approximately $7.1 million related to the lease termination, which was recognized in Other (expense) income, net in the consolidated statements of operations.

In December 2024, the Company signed a Lease Assignment and Assumption Agreement (the “Lease Assignment”) for its New York office lease, whereby a third-party agreed to assume all the Company’s rights, title and interest in and to the lease, including but not limited to the performance by the third-party of all of the Company’s duties and obligations under the lease. The Lease Assignment was contingent upon the landlord’s consent. In January 2025, the Company signed an Assignment and Assumption of Lease with Landlord’s Consent for the New York office lease, which provided the landlord’s consent to the Lease Assignment. The Company is jointly and severally liable with the third-party assignee for the obligations under the New York office lease. For the six month period ended June 30, 2025, the Company recognized income of approximately $1.8 million related to the Lease Assignment, net of approximately $0.9 million paid to the third-party assignee under the Lease Assignment, all of which was recognized in Other (expense) income, net in the consolidated statements of operations. The Company leases office space in New York under a short-term lease.

In April 2026, the Company entered into a 24-month operating lease for office space in Atlanta, Georgia, expiring in March 2028. At commencement, the Company recorded an initial operating lease liability of $81,683 and a right-of-use (ROU) asset of $82,283, which included $600 of capitalized initial direct costs. The lease liability was measured using the Company’s incremental borrowing rate of 7.0%. Variable lease costs and refundable security deposits were excluded from the lease liability measurement.

For the three months ended June 30, 2026, operating lease expense was approximately $11,000. As of June 30, 2026, the balance of the operating lease liability was $71,792 (classified as current), and the balance of the ROU asset was $72,602.

As of June 30, 2026, the weighted average remaining lease term for the Company's operating leases was approximately 22 months, and the weighted average discount rate was 7.0%. As of December 31, 2025, the weighted average remaining lease term for the Company's operating leases was approximately 4 months, and the weighted average