Blockchain.com Group Holdings Inc., one of many oldest corporations within the crypto business, has confidentially submitted a draft registration assertion on Kind S-1 with the U.S. Securities and Change Fee for an preliminary public providing, the Dallas-based agency introduced Thursday.
The variety of shares to be provided and the value vary for the proposed providing haven’t but been decided. The IPO stays topic to market circumstances and the completion of the SEC’s overview course of. They anticipate to go public earlier than the top of 2026.
Based in 2011 by three members of the unique Bitcoin on-line discussion board BitcoinTalk.org, Blockchain.com is among the many earliest establishments constructed round digital property. The corporate initially tracked exercise on the Bitcoin blockchain earlier than increasing right into a client pockets and alternate, and later into institutional services and products.
Right this moment, it helps greater than 95 million wallets and counts greater than 43 million confirmed accounts. The agency employs roughly 500 folks and has been worthwhile on an adjusted foundation for 3 consecutive years, in accordance with the supply accustomed to its plans.
Crypto companies getting into public markets
The submitting marks the newest milestone in a sustained push by crypto corporations into the general public markets. In 2025 alone, Circle, eToro, Bullish, and Gemini — the Winklevoss brothers’ alternate — all went public, collectively elevating an estimated $14.6 billion throughout no less than 11 choices.
BitGo listed on the New York Inventory Change in January 2026, turning into the primary main crypto agency to go public this 12 months.
Kraken mum or dad Payward Inc. filed confidentially for a U.S. IPO in November 2025 focusing on a first-quarter debut, however shelved those plans in March as market circumstances deteriorated. Grayscale stays among the many companies nonetheless within the pipeline.
Blockchain.com’s path to a public itemizing has been a protracted one. The corporate initially thought of going public as early as 2022, when it carried a valuation of $14 billion. However in 2023, it raised $110 million in a Collection E spherical led by UK-based Kingsway Capital at a valuation that had fallen to lower than half its 2022 peak — a pointy reset that mirrored the broad crypto market downturn that adopted that 12 months’s business collapses.
The confidential submitting course of, permitted below U.S. securities legislation, permits corporations to arrange for public choices away from market scrutiny whereas the SEC conducts its overview. Ought to Blockchain.com full its itemizing, it will add one other veteran title to a quickly rising roster of publicly traded crypto companies.
