Blockchain.com Group Holdings Inc., one of many oldest firms within the crypto trade, has confidentially submitted a draft registration assertion on Kind S-1 with the U.S. Securities and Trade 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 assessment course of. They count on to go public earlier than the tip 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 change, and later into institutional services.
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, based on the supply aware of its plans.
Crypto corporations 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’ change — all went public, collectively elevating an estimated $14.6 billion throughout not less than 11 choices.
BitGo listed on the New York Inventory Trade in January 2026, changing 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 these plans in March as market circumstances deteriorated. Grayscale stays among the many corporations 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 12 months’s trade collapses.
The confidential submitting course of, permitted beneath 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 might add one other veteran identify to a quickly rising roster of publicly traded crypto companies.
