Home » Industry » Kraken in talks with strategic investor at $20B valuation: BBG
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Sep. 26, 2025
Kraken speeds up increase with acquisitions and investor curiosity as it readies itself for a predominant public debut in 2026.
Photo: Kraken
Key Takeaways
- Kraken is reportedly in talks with a strategic investor for a deal valuing the firm at $20 billion.
- This could well label a spacious construct bigger from its final $15 billion valuation after a $500 million funding spherical.
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Kraken, a cryptocurrency replace getting ready for a 2026 IPO, is in talks with a strategic investor at a $20 billion valuation, Bloomberg reported today.
The discussions picture a predominant bounce from Kraken’s contemporary $500 million funding spherical that valued the firm at $15 billion. That spherical incorporated participation from Tribe Capital, with CEO Arjun Sethi investing in my thought to enhance the replace’s expansion sooner than its planned public offering.
Kraken reported $411 million in Q2 revenue and $80 million in post-EBITDA earnings, marking an 18% year-over-year revenue construct bigger. The replace additionally received NinjaTrader for $1.5 billion to toughen its offerings in tokenized sources and EU SME banking below MiCA guidelines.
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