DiscoverThe BreakdownKraken’s $15B Secret Raise and the Race to IPO
Kraken’s $15B Secret Raise and the Race to IPO

Kraken’s $15B Secret Raise and the Race to IPO

Update: 2025-09-30
Share

Description

Fortune revealed that Kraken quietly raised $500 million at a $15 billion valuation—its first significant raise in over a decade—as the exchange eyes a 2026 IPO. Bloomberg followed up with reports of another potential $200–300 million round at a $20 billion valuation. We dig into what this means for Kraken’s future, the escalating scale of Tether’s $500 billion fundraise, growing scrutiny of crypto treasury companies, and SEC Commissioner Hester Peirce’s farewell vision for a new era of crypto regulation.


Enjoying this content?








Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Kraken’s $15B Secret Raise and the Race to IPO

Kraken’s $15B Secret Raise and the Race to IPO

Blockworks