Blockchain.com Group Holdings Inc., one of many oldest firms within the crypto business, has confidentially submitted a draft registration assertion on Type S-1 with the U.S. Securities and Alternate Fee for an preliminary public providing, the Dallas-based agency introduced Thursday.
The variety of shares to be supplied 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 assessment 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 belongings. The corporate initially tracked exercise on the Bitcoin blockchain earlier than increasing right into a shopper pockets and trade, and later into institutional services and products.
As we speak, it helps greater than 95 million wallets and counts greater than 43 million confirmed accounts. The agency employs roughly 500 individuals and has been worthwhile on an adjusted foundation for 3 consecutive years, in line with the supply acquainted with its plans.
Crypto companies coming into public markets
The submitting marks the most recent milestone in a sustained push by crypto firms into the general public markets. In 2025 alone, Circle, eToro, Bullish, and Gemini — the Winklevoss brothers’ trade — all went public, collectively elevating an estimated $14.6 billion throughout no less than 11 choices.
BitGo listed on the New York Inventory Alternate in January 2026, changing into the primary main crypto agency to go public this yr.
Kraken father or mother 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-about 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 yr’s business collapses.
The confidential submitting course of, permitted below U.S. securities legislation, permits firms to organize for public choices away from market scrutiny whereas the SEC conducts its assessment. Ought to Blockchain.com full its itemizing, it could add one other veteran identify to a quickly rising roster of publicly traded crypto companies.
