Blockchain.com Has Held Talks to Go Public Via SPAC Deal: Sources

Why It Matters

com the latest crypto firm seeking public-market liquidity amid a flurry of industry listings and could signal renewed investor appetite for regulated crypto platforms.

Summary

Blockchain.com has held talks to go public in the U.S. via a SPAC and has appointed Cohen & Company Capital Markets as an adviser, according to sources; the company says it is preparing to be a public company when markets allow. While no deal terms or current talks were confirmed, Blockchain.com’s past fundraising valued it between about $5.2 billion (2021) and $14 billion (2022), with a $7 billion valuation in late‑2023. The move, accompanied by recent senior hires including a new CFO and COO, would make Blockchain.com the latest crypto firm seeking public-market liquidity amid a flurry of industry listings and could signal renewed investor appetite for regulated crypto platforms.