Blockchain.com Confidentially Files SEC S-1 for US IPO with 95M Wallets
GEMI•Blockchain.com has confidentially filed an SEC S-1 for a US IPO, with share count and price range undecided and aiming for a 2026 listing pending SEC review. The Dallas-based firm employs 500 people, has been profit-positive on an adjusted basis for three years and supports over 95 million wallets.
1. Confidential IPO Filing
Blockchain.com submitted a confidential S-1 registration to the U.S. Securities and Exchange Commission, marking its formal step toward a public offering. The company has not set share quantity or price range and is targeting a 2026 listing subject to SEC review and market conditions.
2. Operational Metrics
The firm employs 500 staff members and has delivered adjusted profitability for each of the past three years. It supports more than 95 million wallets and has built a diverse service suite including brokerage, trading and institutional offerings.
3. Valuation History
After peaking at a $14 billion valuation in early 2022, Blockchain.com’s Series E round in 2023 raised $110 million at under half that value. The valuation reset reflects broader industry pressures following high-profile sector collapses.
4. Competitive Landscape
Blockchain.com joins a wave of digital asset firms exploring IPOs, alongside Kraken, Gemini and Bullish. A successful listing would test public-market appetite for crypto platforms that survived downturns and rebuilt around core services.
