Bakkt Holdings founder Adam White departs as president

Bakkt Holdings (NYSE:BKKT) Executive Founder and President Adam White will leave the company, effective Dec. 31, 2021, according to an 8-K filing. The company's CEO, Gavin Michael, will assume the additional title of President following White's separation. "After a great 3+ years at bakkt, next week will be my last," White writes in a tweet. "I've loved working at intersection of crypto + markets and good to see the industry finding the balance between innovation & regulation. Lots of work still to do here but never been more optimistic about the future." Meanwhile, shares of BKKT are off nearly 4% intra-day, and more than 80% from its Nov. 1 peak at $50.80 per share, now changing hands at sub $9.00 per share. Earlier this week, Bakkt teamed up with Manasquan Bank.