<SEC-DOCUMENT>0001056823-25-000008.txt : 20250513
<SEC-HEADER>0001056823-25-000008.hdr.sgml : 20250513
<ACCEPTANCE-DATETIME>20250513195532
ACCESSION NUMBER:		0001056823-25-000008
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250513
DATE AS OF CHANGE:		20250513

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
		EIN:				981550750
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91712
		FILM NUMBER:		25942166

	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:			HORIZON KINETICS ASSET MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001056823
		ORGANIZATION NAME:           	
		EIN:				133776334
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		470 PARK AVENUE SOUTH
		STREET 2:		4TH FLOOR SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		646-495-7347

	MAIL ADDRESS:	
		STREET 1:		470 PARK AVENUE SOUTH
		STREET 2:		4TH FLOOR SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORIZON ASSET MANAGEMENT LLC
		DATE OF NAME CHANGE:	20130813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORIZON ASSET MANAGEMENT INC/NY
		DATE OF NAME CHANGE:	19990319
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001056823-25-000007</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001056823</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



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  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001820302</issuerCik>
        <issuerName>Bakkt Holdings, Inc.</issuerName>
        <issuerCusip>05759B107</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>10000 AVALON BOULEVARD, SUITE 1000</com:street1>
          <com:street2>10000 AVALON BOULEVARD, SUITE 1000</com:street2>
          <com:city>ALPHARETTA</com:city>
          <com:stateOrCountry>GA</com:stateOrCountry>
          <com:zipCode>30009</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HORIZON KINETICS ASSET MANAGEMENT LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>400217.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>400217.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>400217.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>6.3</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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      <item1>
        <issuerName>Bakkt Holdings, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>10000 AVALON BOULEVARD, SUITE 1000, 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA, GEORGIA, 30009.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Horizon Kinetics Asset Management LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>470 Park Ave S, 8th Fl SNew York, NY 10016</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware
</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned> 400,217 </amountBeneficiallyOwned>
        <classPercent>6.3%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote> 400,217 </solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose> 400,217 </solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>HORIZON KINETICS ASSET MANAGEMENT LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/Jay Kesslen</signature>
        <title>General Counsel</title>
        <date>05/13/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
