Bakkt Results Presentation Deck

KEY HIGHLIGHTS / CURRENT ENVIRONMENT Summary of current environment Market context Macro environment - has shifted considerably around us - both in the macroeconomic environment overall, and in cryptocurrency Unsteadiness in crypto - has elongated decision timelines- though not a wholesale exit from the market, shift in sense of urgency of potential partners o Capital more constrained - companies are looking to conserve capital for potential recession Regulation - market anticipation of increased regulatory scrutiny related to cryptocurrencies is impacting activation timelines o Travel disruptions - summer air travel supply constraints partially offsetting robust consumer demand bakkt Our position o Strong balance sheet - ability to self-fund our near- term road map and ~$315mm of available cash and other liquid assets¹ Diverse business - breadth of services provides diverse revenue streams and enables us to help partners with their pain points Robust risk management - our infrastructure provides multiple layers of protection and provides heightened security and compliance o Disciplined capital allocation - highly focused on building our long-term roadmap notwithstanding softness in the market We are well positioned in this environment to be the safe, trusted and innovative platform to deliver widespread utility to our partners and customers As of June 30, 2022. Includes other highly liquid assets such as Treasury bills and notes; excludes restricted cash

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