Blockchain.com in talks for $500 million US IPO at $4 billion to $6 billion valuation
Bloomberg reports Blockchain.com is discussing a roughly $500 million US IPO before year-end at a $4 billion to $6 billion valuation; the company has not confirmed the terms.
Why it matters
A $500 million raise at $4 billion to $6 billion would put a long-established crypto firm at roughly half its 2022 private valuation while crypto listings run at their quietest since 2025, after weak markets in the first half of 2026 pushed some companies to delay. The NYSE agreement on tokenised US stocks and three years of reported adjusted profitability would come into the offering alongside those terms. Any listing is unconfirmed and the terms can still change.
Where the sources disagree
Blockchain.com's private-market valuation before the planned IPO
approximately $7 billion in a 2023 private funding round
Bitcoinist, Crypto News (CryptoNews.net)
less than half the $14 billion spring 2022 value, after a $110 million Series E led by Kingsway Capital
Unchained
Bitcoinist gives an approximately $7 billion value for the 2023 private round while Unchained reports Bloomberg valued the company at less than half the $14 billion 2022 peak in the same round.
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
size of the raise (valuation)
$4 billion
Crypto.News
$6 billion
Unchained
Crypto.News reports $4 billion, Unchained reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Crypto.News
$6 billion
CoinDesk
Crypto.News reports $4 billion, CoinDesk reports $6 billion (33% apart).
size of the raise ($500 valuation)
$4 billion
Crypto.News
$6 billion
Crypto News (CryptoNews.net)
Crypto.News reports $4 billion, Crypto News (CryptoNews.net) reports $6 billion (33% apart).
size of the raise ($500 between valuation)
$4 billion
Crypto.News
$6 billion
Bitcoin Insider
Crypto.News reports $4 billion, Bitcoin Insider reports $6 billion (33% apart).
size of the raise (roughly valuation)
$4 billion
Crypto.News
$6 billion
Bitcoinist
Crypto.News reports $4 billion, Bitcoinist reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Crypto.News
$6 Billion
Bitcoin Insider
Crypto.News reports $4 billion, Bitcoin Insider reports $6 Billion (33% apart).
size of the raise
$4 billion
Crypto.News
$7 billion
Crypto News (CryptoNews.net)
Crypto.News reports $4 billion, Crypto News (CryptoNews.net) reports $7 billion (43% apart).
size of the raise (blockchain.com peak)
$500 million
Crypto.News
$110 million
Unchained
Crypto.News reports $500 million, Unchained reports $110 million (78% apart).
size of the raise (valuation)
$4 billion
Unchained
$6 billion
CoinDesk
Unchained reports $4 billion, CoinDesk reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Unchained
$6 billion
Crypto News (CryptoNews.net)
Unchained reports $4 billion, Crypto News (CryptoNews.net) reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Unchained
$6 billion
Bitcoin Insider
Unchained reports $4 billion, Bitcoin Insider reports $6 billion (33% apart).
size of the raise (company valuation)
$4 billion
Unchained
$6 billion
Bitcoinist
Unchained reports $4 billion, Bitcoinist reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Unchained
$6 Billion
Bitcoin Insider
Unchained reports $4 billion, Bitcoin Insider reports $6 Billion (33% apart).
size of the raise (company)
$4 billion
Unchained
$7 billion
Crypto News (CryptoNews.net)
Unchained reports $4 billion, Crypto News (CryptoNews.net) reports $7 billion (43% apart).
size of the raise (company)
$110 million
Unchained
$500 million
CoinDesk
Unchained reports $110 million, CoinDesk reports $500 million (78% apart).
size of the raise (company)
$110 million
Unchained
$500 million
Crypto News (CryptoNews.net)
Unchained reports $110 million, Crypto News (CryptoNews.net) reports $500 million (78% apart).
size of the raise
$110 million
Unchained
$500 million
Bitcoin Insider
Unchained reports $110 million, Bitcoin Insider reports $500 million (78% apart).
size of the raise (blockchain.com company)
$110 million
Unchained
$500 million
Bitcoinist
Unchained reports $110 million, Bitcoinist reports $500 million (78% apart).
size of the raise
$110 million
Unchained
$500 million
Bitcoin Insider
Unchained reports $110 million, Bitcoin Insider reports $500 million (78% apart).
size of the raise (bloomberg valuation)
$4 billion
CoinDesk
$6 billion
Bitcoin Insider
CoinDesk reports $4 billion, Bitcoin Insider reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
CoinDesk
$6 billion
Bitcoinist
CoinDesk reports $4 billion, Bitcoinist reports $6 billion (33% apart).
size of the raise (2026 valuation)
$4 billion
CoinDesk
$6 Billion
Bitcoin Insider
CoinDesk reports $4 billion, Bitcoin Insider reports $6 Billion (33% apart).
size of the raise
$4 billion
CoinDesk
$7 billion
Crypto News (CryptoNews.net)
CoinDesk reports $4 billion, Crypto News (CryptoNews.net) reports $7 billion (43% apart).
size of the raise ($500 valuation)
$4 billion
Crypto News (CryptoNews.net)
$6 billion
Bitcoin Insider
Crypto News (CryptoNews.net) reports $4 billion, Bitcoin Insider reports $6 billion (33% apart).
size of the raise (company valuation)
$4 billion
Crypto News (CryptoNews.net)
$6 billion
Bitcoinist
Crypto News (CryptoNews.net) reports $4 billion, Bitcoinist reports $6 billion (33% apart).
size of the raise (valuation)
$4 billion
Crypto News (CryptoNews.net)
$6 Billion
Bitcoin Insider
Crypto News (CryptoNews.net) reports $4 billion, Bitcoin Insider reports $6 Billion (33% apart).
size of the raise (valuation)
$4 billion
Bitcoin Insider
$6 billion
Bitcoinist
Bitcoin Insider reports $4 billion, Bitcoinist reports $6 billion (33% apart).
size of the raise
$4 billion
Bitcoin Insider
$7 billion
Crypto News (CryptoNews.net)
Bitcoin Insider reports $4 billion, Crypto News (CryptoNews.net) reports $7 billion (43% apart).
size of the raise (plans valuation)
$4 billion
Bitcoinist
$6 Billion
Bitcoin Insider
Bitcoinist reports $4 billion, Bitcoin Insider reports $6 Billion (33% apart).
size of the raise (plans)
$6 Billion
Bitcoin Insider
$7 billion
Crypto News (CryptoNews.net)
Bitcoin Insider reports $6 Billion, Crypto News (CryptoNews.net) reports $7 billion (14% apart).
Key facts
Blockchain.com is discussing raising about $500 million in a US initial public offering before the end of 2026.
500,000,000 USDDisputed figureReported by Crypto.News
The valuation being discussed is $4 billion to $6 billion.
6,000,000,000 USDDisputed figureReported by Crypto.News
The company could accept a smaller offering than $500 million if that helps complete the listing.
500,000,000 USDDisputed figureReported by Crypto.News
Blockchain.com confidentially submitted a draft S-1 registration statement to the SEC, announced on 21 May, with no share count or price range set.
Reported by Crypto.News
The $14 billion figure comes from the company's Series D financing in March 2022.
14,000,000,000 USDDisputed figureReported by Crypto.News
Bitcoinist reports the company was valued at about $7 billion in a 2023 private funding round.
7,000,000,000 USDDisputed figureReported by Bitcoinist
Blockchain.com raised $110 million in a Series E round led by Kingsway Capital in 2023.
110,000,000 USDDisputed figureReported by Unchained
Blockchain.com signed an agreement with the New York Stock Exchange to explore continuous trading of tokenised US stocks globally.
Reported by Crypto.News
What happened
Blockchain.com has told prospective investors it plans a US initial public offering before the end of 2026, seeking about $500 million at a valuation of $4 billion to $6 billion, Bloomberg reported on 28 September citing people familiar with the talks. Unchained, CoinDesk, Bitcoinist, Bitcoin Insider and Crypto News all carried the Bloomberg report, though no outlet says it has confirmed the terms independently. The London-based company, founded in 2011 as a bitcoin block explorer and wallet provider and now offering exchange, trading, lending and institutional services, said on 21 May that it had confidentially submitted a draft S-1 registration statement to the SEC, without setting a share count or price range. That filing is the only confirmed step; a confidential submission starts SEC review without public financial disclosure. A spokesperson and the company declined to comment, and Bloomberg reported that the company could cut the offering size if a smaller deal helps it list. The proposed range sits below the $14 billion attached to the March 2022 Series D, and Bitcoinist puts the 2023 Series E round, which raised $110 million led by Kingsway Capital, at about $7 billion — a figure Unchained describes as less than half the 2022 peak. Bloomberg also reported that Blockchain.com has posted three straight years of adjusted profitability and considered going public as early as 2022. Separately, the company signed an agreement with the New York Stock Exchange to explore continuous trading of tokenised US stocks, which Crypto.News reported in the same period.
How the story developed
- Update
Bloomberg reports Blockchain.com in discussions with investors about a roughly $500 million US IPO at a $4 billion to $6 billion valuation
People familiar with the talks said the company could reduce the size of the offering if that helps complete the IPO; terms remain preliminary and no listing date has been set.
- Official statement
Blockchain.com declines to comment on the reported IPO terms
A spokesperson declined to comment on the Bloomberg report and did not confirm the $500 million target, the valuation range or a listing date.
- First report
First report by Crypto.News
Blockchain.com wants $500M IPO after $14B peak
- Independent corroboration
Independently corroborated by Unchained
Blockchain.com Reportedly Eyes $500 Million IPO at $4 Billion to $6 Billion Valuation
- Official statement
Blockchain.com announces a confidential draft S-1 submission to the SEC
The company said the number of shares and the price range had not been set and that the offering depended on market conditions and SEC review.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 29 Sept 2026, 06:41 UTC: Crypto.News — 1 independent source, 1 reports
- 29 Sept 2026, 10:03 UTC: Unchained — 2 independent sources, 2 reports
- 29 Sept 2026, 10:13 UTC: CoinDesk — 3 independent sources, 3 reports
- 29 Sept 2026, 14:29 UTC: Bitcoin Insider — 4 independent sources, 5 reports
- 29 Sept 2026, 22:30 UTC: Bitcoinist — 5 independent sources, 6 reports
Affected entities
Also mentioned: Gemini, Coinbase, Kraken
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto.News Crypto media | Blockchain.com wants $500M IPO after $14B peak | Original | |
| CoinDesk Crypto media | Blockchain.com targets $500 million IPO at up to $6 billion valuation | Independent | |
| Unchained Crypto media | Blockchain.com Reportedly Eyes $500 Million IPO at $4 Billion to $6 Billion Valuation | Independent | |
| Bitcoinist Crypto media | Blockchain.com Is Reportedly Seeking Up To $500M In US IPO | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Blockchain.com targets $500 million IPO at up to $6 billion valuation | Syndicated | |
| Bitcoin Insider Aggregator | Blockchain.com Reportedly Targets $500 Million IPO at Up to $6 Billion Valuation | Syndicated | |
| Bitcoin Insider Aggregator | Blockchain.com Reportedly Plans US IPO in 2026 at Up to $6 Billion Valuation | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Blockchain.com Is Reportedly Seeking Up To $500M In US IPO | Syndicated |
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