The investor is re-entering Bakkt Holdings Inc ($BKKT) at its current price of $11.15, viewing it as a crypto proxy bet. This re-entry follows a previous target of under $10, suggesting a belief in its potential for recovery after a significant drop from over $40. The chart shows a substantial decline in $BKKT's value over the past 6 months, presenting a potential value opportunity for those bullish on crypto.