#binance #hype #zec #near
21/05/26 15:15 UTC-04

Blockchain.com Files Confidential IPO Application

Blockchain.com Group Holdings has begun the process of going public. According to Bloomberg, the crypto exchange operator submitted a confidential filing package to the U.S. Securities and Exchange Commission and aims to complete its stock market listing by the end of the year.

Financial Performance

The exact number of securities to be issued and the target pricing range have not yet been finalised by management.

According to the statement, the success of the offering will depend on current market conditions and the outcome of the SEC’s due diligence review.

In spring 2022, Blockchain.com was valued at $14 billion, and its first plans for a public listing emerged during that period. However, the prolonged crypto winter significantly altered those expectations.

During a Series E strategic funding round in 2023, the company raised $110 million led by the British venture capital firm Kingsway Capital, accepting a valuation cut of more than 50% from its peak.

The History of Blockchain.com

Blockchain.com was founded in 2011 by three members of the very first online forum dedicated to Bitcoin supporters — BitcoinTalk.org.

Initially, the platform operated solely as a blockchain explorer before its developers launched a proprietary crypto wallet and a full-scale trading platform.

SpaceX IPO

One day earlier, on 20 May, aerospace company SpaceX, founded by Elon Musk, filed its own IPO application under the ticker symbol SPCX.

In the published financial documents, the space company disclosed the precise size of its cryptocurrency reserves for the first time.

The company currently holds 18,712 Bitcoin on its balance sheet, making it the third-largest private company holding Bitcoin reserves.


Top private companies holding Bitcoin reserves. Source: BitcoinTreasuriesNET.

According to the filing, the average purchase price of the “digital gold” acquired by Elon Musk’s companies was approximately $35,000 per coin.

For comparison, Strategy, led by Michael Saylor, reports an average acquisition price of $75,700 per Bitcoin.

See also: "BNB Chain Launches Infrastructure for AI Agents"

#IPO #Blockchain

Editor: Yulia Krasnaya
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