[Bakkt Stock Surges 40%, Mike Alfred Joins Board of Directors]
According to The Block, Bakkt Holdings announced that crypto industry veteran Mike Alfred has joined the company's board of directors. Following this news, Bakkt's stock price surged over 40% at one point. Alfred previously founded Digital Assets Data, which was acquired by New York Digital Investment Group, and he currently serves as managing partner at Alpine Fox as well as a director at Bitcoin mining company Iren. Bakkt had previously planned to raise up to $1 billion through equity and debt financing for its Bitcoin acquisition strategy.