Bakkt Results Presentation Deck

Strong continued focus on prudent expense management Macroeconomic environment expected to remain challenging in 2023. We will remain disciplined on managing expenses and capital allocation decisions, allowing us to be nimble ● Expected impact from recent corporate restructurings -40% -$29mm A Our business focus initiatives include corporate restructurings which were implemented in December 2022 and today Decline in headcount (year-end 2023 vs. year-end 2022) 2023 key priorities 1 2 3 Cash savings in 2023 Note: Headcount includes exempt employees and contractors, and excludes all headcount related to call centers ~$7mm Additional cash savings in 2024; full year impact ~$36mm 12

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