<SEC-DOCUMENT>0000947871-24-000598.txt : 20240709
<SEC-HEADER>0000947871-24-000598.hdr.sgml : 20240709
<ACCEPTANCE-DATETIME>20240709060534
ACCESSION NUMBER:		0000947871-24-000598
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240709
DATE AS OF CHANGE:		20240709
GROUP MEMBERS:		INTERCONTINENTAL EXCHANGE HOLDINGS, INC.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bakkt Holdings, Inc.
		CENTRAL INDEX KEY:			0001820302
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		IRS NUMBER:				981550750
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91712
		FILM NUMBER:		241106263

	BUSINESS ADDRESS:	
		STREET 1:		10000 AVALON BOULEVARD, SUITE 1000
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30009
		BUSINESS PHONE:		678-534-5849

	MAIL ADDRESS:	
		STREET 1:		10000 AVALON BOULEVARD, SUITE 1000
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VPC Impact Acquisition Holdings
		DATE OF NAME CHANGE:	20200805

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Intercontinental Exchange, Inc.
		CENTRAL INDEX KEY:			0001571949
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		5660 NEW NORTHSIDE DRIVE,
		STREET 2:		THIRD FLOOR
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		770-857-4700

	MAIL ADDRESS:	
		STREET 1:		5660 NEW NORTHSIDE DRIVE,
		STREET 2:		THIRD FLOOR
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IntercontinentalExchange Group, Inc.
		DATE OF NAME CHANGE:	20130313

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Intercontinental Exchange Group, Inc.
		DATE OF NAME CHANGE:	20130312
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>ss3598051_sc13da.htm
<DESCRIPTION>AMENDMENT NO. 5
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SCHEDULE 13D</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Under the Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>(Amendment No. 5)</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">BAKKT HOLDINGS,
INC.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Name of Issuer)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Class A Common
Stock</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">05759B107</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(CUSIP Number)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Andrew J. Surdykowski<BR>
Intercontinental Exchange, Inc.<BR>
5660 New Northside Drive<BR>
Atlanta, GA 30328<BR>
770-857-4700</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>With a Copy to:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>Rory B. O&#8217;Halloran<BR>
Cody Wright<BR>
Allen Overy Shearman Sterling LLP<BR>
599 Lexington Avenue<BR>
New York, NY 10022-6069<BR>
212-848-4000</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Name, Address and Telephone Number of
Person Authorized<BR>
to Receive Notices and Communications)</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">July 6, 2024</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Date of Event Which Requires Filing of
this Statement)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &sect;&sect;240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box <FONT>&#9744;</FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Note</B>: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">* The remainder of this cover page shall be filled out for a reporting
person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">The information required on the remainder of this cover page shall
not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;<U>Act</U>&#8221;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SCHEDULE 13D</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>CUSIP No. 05759B107</B></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">1</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>NAME OF REPORTING PERSONS</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Intercontinental Exchange, Inc.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">2</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(a) <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">(b) <FONT>&#9746;</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">3</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt"><B>SEC USE ONLY</B></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">4</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOURCE OF FUNDS <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">WC; OO</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">5</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 25.55pt; padding-bottom: 12pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</B> &#9;<FONT>&#9744;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">6</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Delaware</P></TD></TR>
  <TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">7</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOLE VOTING POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">0</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">8</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SHARED VOTING POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472 <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">1</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">9</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOLE DISPOSITIVE POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">0</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">10</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SHARED DISPOSITIVE POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472 <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">2</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">11</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">12</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 25.55pt; padding-bottom: 12pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B> <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9;</FONT><FONT>&#9746;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">13</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">57.0% <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">3</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">14</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>TYPE OF REPORTING PERSON <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">CO</P></TD></TR>
  <TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 62%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">1</FONT>)</SUP>
Based on (i)&nbsp;1,111,294 shares of Class&nbsp;A common stock, par value $0.0001 per share (&#8220;<U>Class&nbsp;A Common Stock</U>&#8221;),
of Bakkt Holdings, Inc. (the &#8220;<U>Issuer</U>&#8221;) and (ii)&nbsp;6,803,178 shares of Class&nbsp;V common stock, par value $0.0001
per share (&#8220;<U>Class&nbsp;V Common Stock</U>&#8221;, and together with the Class&nbsp;A Common Stock, the &#8220;<U>Common Stock</U>&#8221;),
of the Issuer beneficially owned by the Reporting Person as of the date hereof. This amount includes 461,360 shares of Class A Common
Stock (the &#8220;<U>Warrant Shares</U>&#8221;) underlying the Acquired Warrants (as defined in Item 6 of the Amended Schedule 13D) that
are not exercisable until September 4, 2024, as described further in Item 6 of the Amended Schedule 13D. The Reporting Persons will not
have the power to vote the Warrant Shares unless, and to the extent, ICEH exercises its right to acquire Warrant Shares in accordance
with the terms of the Acquired Warrants. In addition, the voting power of the Reporting Persons in respect of the Common Stock is reduced to 30% pursuant to the Voting Agreement between
Intercontinental Exchange Holdings, Inc. (&#8220;<U>ICEH</U>&#8221;), a wholly owned subsidiary of Intercontinental Exchange, Inc. (&#8220;<U>ICE</U>&#8221;),
and the Issuer, so long as ICEH and its affiliates own 50% or more of the total voting power of the Issuer, as described further in Item&nbsp;6
of the Initial Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">2</FONT>)</SUP>
Based on (i)&nbsp;1,111,294 shares of Class&nbsp;A Common Stock and (ii)&nbsp;6,803,178 shares of Class&nbsp;V Common Stock beneficially
owned by the Reporting Person as of the date hereof. As described in note 1 above, this amount includes the Warrant Shares underlying
the Acquired Warrants that are not exercisable until September 4, 2024, as described further in Item 6 of the Amended Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">3</FONT>)
</SUP>Based on a total of 13,426,766 shares of Common Stock, consisting of 6,231,825 shares of Class&nbsp;A Common Stock and 7,194,941
shares of Class&nbsp;V Common Stock, outstanding as of May 8, 2024, as reported in the Issuer&#8217;s Quarterly Report on Form 10-Q filed
with the Securities and Exchange Commission (&#8220;<U>SEC</U>&#8221;) on May 15, 2024. As described in note&nbsp;1 above, the Reporting Persons&#8217; voting power in respect of the Common Stock
is reduced to 30% pursuant to the Voting Agreement between ICEH, a wholly owned subsidiary of ICE, and the Issuer, so long as ICEH and
its affiliates own 50% or more of the total voting power of the Issuer, as described further in Item&nbsp;6 of the Amended Schedule&nbsp;13D.
As of the date hereof, the Reporting Person beneficially owns 16.6% of the outstanding shares of Class&nbsp;A Common Stock (including
the Warrants Shares but excluding any shares of Class&nbsp;V Common Stock).</P>


<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SCHEDULE 13D</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>CUSIP No. 05759B107</B></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">1</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>NAME OF REPORTING PERSONS</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Intercontinental Exchange Holdings, Inc.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">2</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<BR>
    <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">(a) <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">(b) <FONT>&#9746;</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">3</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt"><B>SEC USE ONLY</B></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">4</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOURCE OF FUNDS <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">WC; OO</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">5</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 25.55pt; padding-bottom: 12pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</B> &#9;<FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">6</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Delaware</P></TD></TR>
  <TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">7</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOLE VOTING POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">0</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">8</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SHARED VOTING POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472 <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">4</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">9</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SOLE DISPOSITIVE POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">0</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">10</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>SHARED DISPOSITIVE POWER</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472 <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">5</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">11</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">7,914,472</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">12</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 25.55pt; padding-bottom: 12pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B> <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9;</FONT><FONT>&#9746;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">13</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">57.0% <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">6</FONT>)</SUP></P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 16pt">14</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>TYPE OF REPORTING PERSON <FONT STYLE="font-size: 10pt">(See Instructions)</FONT></B></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">CO</P></TD></TR>
  <TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 62%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">4</FONT>)
</SUP>Based on (i)&nbsp;1,111,294 shares of Class&nbsp;A Common Stock and (ii)&nbsp;6,803,178 shares of Class&nbsp;V Common Stock beneficially
owned by the Reporting Person as of the date hereof. As described in note 1 above, this amount includes the Warrant Shares underlying
the Acquired Warrants that are not exercisable until September 4, 2024, as described further in Item 6 of the Amended Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">5</FONT>)</SUP>
Based on (i)&nbsp;1,111,294 shares of Class&nbsp;A Common Stock and (ii)&nbsp;6,803,178 shares of Class&nbsp;V Common Stock beneficially
owned by the Reporting Person as of the date hereof. As described in note 1 above, this amount includes the Warrant Shares underlying
the Acquired Warrants that are not exercisable until September 4, 2024, as described further in Item 6 of the Amended Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"><SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">6</FONT>)</SUP>
Based on a total of 13,426,766 shares of Common Stock, consisting of 6,231,825 shares of Class&nbsp;A Common Stock and 7,194,941 shares
of Class&nbsp;V Common Stock, outstanding as of May 8, 2024, as reported in the Issuer&#8217;s Quarterly Report on Form 10-Q filed with
the SEC on May 15, 2024. As described in note&nbsp;1 above,
the Reporting Persons&#8217; voting power in respect of the Common Stock is reduced to 30% pursuant to the Voting Agreement between ICEH
and the Issuer, so long as ICEH and its affiliates own 50% or more of the total voting power of the Issuer as described further in Item&nbsp;6
of the Amended Schedule&nbsp;13D. As of the date hereof, the Reporting Person beneficially owns 16.6% of the outstanding shares of Class&nbsp;A
Common Stock (including the Warrant Shares but excluding any shares of Class&nbsp;V Common Stock).</P>



<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>EXPLANATORY NOTE</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">This Amendment No.&nbsp;5
(this &#8220;<U>Amendment</U>&#8221;) is being jointly filed on behalf of: (a)&nbsp;Intercontinental Exchange, Inc., a Delaware corporation
(&#8220;<U>ICE</U>&#8221;), and (b)&nbsp;Intercontinental Exchange Holdings, Inc., a Delaware corporation (&#8220;<U>ICEH</U>&#8221;,
and together with ICE, the &#8220;<U>Reporting Persons</U>&#8221; and each a &#8220;<U>Reporting Person</U>&#8221;), and amends the (i)&nbsp;Statement
on Schedule&nbsp;13D filed by the Reporting Persons on October&nbsp;21, 2021 (the &#8220;<U>Initial Schedule&nbsp;13D</U>&#8221;) as previously
amended by (ii)&nbsp;Amendment No.&nbsp;1 to the Initial Schedule&nbsp;13D filed by the Reporting Persons on May&nbsp;5, 2022 (&#8220;<U>Amendment
No.&nbsp;1</U>&#8221;), (iii) Amendment No. 2 to the Initial Schedule 13D filed by the Reporting Persons on April 28, 2023 (&#8220;<U>Amendment
No. 2</U>&#8221;), (iv) Amendment No. 3 to the Initial Schedule 13D filed by the Reporting Persons on March 4, 2024 (&#8220;<U>Amendment
No. 3</U>&#8221;), and (v) Amendment No. 4 to the Initial Schedule 13D filed by the Reporting Persons on April 29, 2024 (&#8220;<U>Amendment
No. 4</U>&#8221;, and the Initial Schedule&nbsp;13D as so amended, the &#8220;<U>Amended Schedule&nbsp;13D</U>&#8221;), which relates
to the shares of Class&nbsp;A common stock, par value $0.0001 per share (&#8220;<U>Class&nbsp;A Common Stock</U>&#8221;), of Bakkt Holdings,
Inc., a Delaware corporation (the &#8220;<U>Issuer</U>&#8221;). Capitalized terms used and not otherwise defined in this Amendment have
the same meanings ascribed to them in the Amended Schedule 13D.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">Unless specifically amended
hereby, the disclosure set forth in the Amended Schedule&nbsp;13D remains unchanged.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest in Securities of the Issuer.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">This Amendment is being filed
because, on July 6, 2024, the Acquired Warrants (as defined in Item 6 of the Amended Schedule 13D) became exercisable within 60 days,
and pursuant to Rule 13d-3(d)(1) of the Exchange Act, the Reporting Persons are deemed to have beneficial ownership of the Class A Common
Stock underlying the Acquired Warrants as of such date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><U>Section&nbsp;(a)</U> and
<U>Section&nbsp;(b)</U> of Item&nbsp;5 of the Amended Schedule&nbsp;13D are hereby amended and restated in their entirety as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) and (b)&nbsp;The percentage
of beneficial ownership in this Amendment is based on: (i)&nbsp;with respect to the total amount of securities issued and outstanding,
an aggregate of 6,231,825&nbsp;shares of Class&nbsp;A Common Stock and 7,194,941&nbsp;shares of Class&nbsp;V Common Stock outstanding
as of May 8, 2024, as reported in the Issuer&#8217;s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (&#8220;<U>SEC</U>&#8221;)
on May 15, 2024, as adjusted pursuant to Rule 13d-3(d)(1)(i) under the Exchange Act to include the 461,360 shares of Class A Common Stock
(the &#8220;<U>Warrant Shares</U>&#8221;) underlying the Acquired Warrants (as defined in Item 6 of the Amended Schedule 13D), and (ii)&nbsp;with
respect to the securities beneficially owned by the Reporting Persons, 648,934 shares of Class A Common Stock, the 461,360 Warrant Shares
and 6,803,178 shares of Class A Common Stock underlying the Paired Interests (consisting of 6,803,178 Bakkt Opco Common Units and 6,803,178
shares of Class V Common Stock) beneficially owned by the Reporting Persons as of the date hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The aggregate number and
percentage of shares of Class&nbsp;A Common Stock and Class&nbsp;V Common Stock beneficially owned by the Reporting Persons, the number
of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose
or to direct the disposition, or shared power to dispose or to direct the disposition, are set forth on rows&nbsp;7 through&nbsp;11 and
row&nbsp;13 of the cover pages of this Amendment and are incorporated herein by reference.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">Pursuant to the terms of
the A&amp;R Exchange Agreement (as defined in Item 6 of Amendment No. 1), Bakkt Opco Common Units, when coupled with an equivalent number
of shares of Class&nbsp;V Common Stock, may be exchanged at the discretion of the holder for shares of Class&nbsp;A Common Stock on a
one-for-one basis (subject to adjustment as set forth in the A&amp;R Exchange Agreement), or, at the option of the Issuer, cash, subject
to the following exceptions: (i)&nbsp;no holder of Bakkt Opco Common Units may exchange less than 1,000&nbsp;Bakkt Opco Common Units in
any single exchange unless exchanging all of their Bakkt Opco Common Units; and (ii)&nbsp;such exchange can only occur (a)&nbsp;upon a
Permitted Exchange Event (as defined in the A&amp;R Exchange Agreement) or (b)&nbsp;on (1)&nbsp;the last trading day of the second week
of the first month of each quarter, (2)&nbsp;the last trading day of the first month of each quarter, (3)&nbsp;the third full trading
day occurring after the Issuer publicly announces its results for a quarter and (4)&nbsp;the last trading day of the second month of each
quarter.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">Pursuant to the Voting Agreement
(as described in Item&nbsp;6 of the Initial Schedule&nbsp;13D), as long as ICEH and its affiliates beneficially own 50% or more of the total voting
power of the shares of Common Stock issued and outstanding and entitled to vote at any time, a proxy designated by the Board will vote
the Excess Shares (defined in Item&nbsp;6 of the Initial Schedule&nbsp;13D) beneficially owned by the Reporting Persons on any Stockholder
Matter (as defined in Item&nbsp;6 of the Initial Schedule&nbsp;13D) in the same percentages for and against such Stockholder Matter as
votes were cast for and against such Stockholder Matter by all stockholders of the Issuer other than ICEH and its affiliates. The Voting
Agreement does not apply to the voting of shares of Common Stock beneficially owned by ICEH and its affiliates that are not Excess Shares.
The Voting Agreement also does not apply to the giving or withholding of consent or approval in respect of any matter requiring the approval
of the Required Interest (as defined in Item&nbsp;6 of the Initial Schedule&nbsp;13D) of Bakkt Opco equity holders under the Surviving
Company LLC Agreement. The Voting Agreement will terminate if the voting power represented by the shares of Common Stock beneficially
owned by ICEH and its affiliates falls below 50% of the total voting power of the shares of Common Stock issued and outstanding and entitled
to vote at any time. The Warrant Shares will not have voting power unless, and to the extent, ICEH exercises its right to acquire Warrant
Shares in accordance with the terms of the Acquired Warrants and such shares become issued and outstanding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">To the best knowledge of
the Reporting Persons, the following persons beneficially own or may be deemed to beneficially own the shares of Class&nbsp;A Common Stock,
Class&nbsp;V Common Stock and Bakkt Opco Common Units set forth below: <SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">7</FONT>)</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"></P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white">(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black; background-color: white">7</FONT>)
Except for the shares of Class&nbsp;A Common Stock beneficially owned by Ms. Bowen, the beneficial ownership information set forth herein
is with respect to shares of Class&nbsp;V Common Stock and Bakkt Opco Common Units indirectly acquired by Ms. Bowen, Mr. Noonan, and
Mr. Sprecher&#8217;s spouse in connection with the Closing in respect of incentive units held by such individuals under the Bakkt equity
incentive plan in effect prior to the Closing and held directly by Bakkt Management LLC (&#8220;<U>Bakkt Management</U>&#8221;).</P>



<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Hon.
Sharon Y. Bowen, Director, ICE, beneficially owns 9,701 shares of Class&nbsp;A Common Stock,<SUP></SUP> 926 shares of Class&nbsp;V Common
Stock and 926 Bakkt Opco Common Units.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Thomas E. Noonan, Director, ICE, beneficially owns 529 shares of Class&nbsp;V Common Stock and 529 Bakkt
Opco Common Units.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Jeffrey C. Sprecher, Director (Chairman) and Chief Executive Officer, ICE, may be deemed to beneficially
own 146,366 shares of Class&nbsp;V Common Stock and 146,366 Bakkt Opco Common Units, which shares and units are beneficially owned by
his spouse through her holdings of vested incentive units in Bakkt Management. Mr. Sprecher disclaims beneficial ownership of the shares
and units held indirectly by his spouse.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The Reporting Persons specifically
disclaim beneficial ownership over such shares and units held by the persons listed above.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The share ownership reported
herein for the Reporting Persons does not include any securities of the Issuer held by any party to the Stockholders Agreement (as defined
and described in Item&nbsp;6 of the Initial Schedule&nbsp;13D) other than ICEH, and each of the Reporting Persons disclaims beneficial
ownership of any such securities owned by such other parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) The Reporting Persons
have not effected any transactions in Class&nbsp;A Common Stock or Class&nbsp;V Common Stock during the past&nbsp;60 days.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) To the best knowledge
of the Reporting Persons, no one other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the securities reported herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(e) Not applicable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; background-color: white"></P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">After reasonable inquiry
and to the best the undersigned&#8217;s knowledge and belief, the undersigned certifies that the information set forth in this statement
is true, complete and correct.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in; text-indent: -3in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Dated: July 9, 2024</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Intercontinental Exchange, Inc.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">/s/ Andrew J. Surdykowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name: Andrew J. Surdykowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title: General Counsel</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Intercontinental Exchange Holdings, Inc.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">/s/ Andrew J. Surdykowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name: Andrew J. Surdykowski</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title: General Counsel</TD></TR>
  </TABLE>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
