Blockchain.com Group Holdings Inc., one of many oldest corporations within the crypto trade, has confidentially submitted a draft registration assertion on Kind 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 worth vary for the proposed providing haven’t but been decided. The IPO stays topic to market situations and the completion of the SEC’s evaluate course of. They count on 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 alternate, and later into institutional services.
At present, 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 keeping with the supply accustomed to its plans.
Crypto corporations coming 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 a minimum of 11 choices.
BitGo listed on the New York Inventory Alternate in January 2026, turning into the primary main crypto agency to go public this yr.
Kraken dad or mum 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 situations 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 Sequence 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 trade 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 evaluate. Ought to Blockchain.com full its itemizing, it will add one other veteran title to a quickly rising roster of publicly traded crypto companies.
