Bakkt SPAC Presentation Deck

OVERVIEW WHY NOW? Loyalty Points/Miles4 $316bn CONFIDENTIAL AND PROPRIETARY Cryptocurrency³ $564bn ~26% CAGR In-Game Assets5 $50bn ~$1.6tn ... and growing... 2020 Gift Cards² $703bn Loyalty Points/Miles4 $599bn Cryptocurrency³ $3tn In-Game Assets5 $88bn ~$5.1tn 2025 (1) Serviceable Addressable Market. Dollar ($) amounts represent notional amounts, not aggregate revenue. (2) Allied Market Research. (3) 2020 estimate based on CoinMarketCap, Global crypto market cap as of December 14, 2020. 2025 estimate based on projections from ARK Investment Management, LLC. (4) Management estimates based on 2020-2024 data from Infiniti Research. (5) Management estimates based on relevant industry data. Gift Cards² $1.4tn bakkt 23

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