Blockchain.com is reportedly exploring an initial public offering (IPO) in 2026 that could raise about $500 million, according to multiple outlets citing Bloomberg. The company is said to be targeting a valuation of up to $6 billion.

The reporting frames the potential listing as part of broader changes in crypto capital markets. The sources note that Blockchain.com’s proposed valuation is below its 2022 peak, and that recently listed crypto-related stocks have struggled to maintain earlier gains. This context suggests the company is calibrating its expectations amid a more cautious market environment for crypto equities.

While all accounts agree on the approximate size of the offering, the 2026 timing, and the valuation range, they differ mainly in how they describe market conditions and the reason the valuation is lower than earlier highs. The cited materials present the IPO plan as an attempt to align with current investor sentiment rather than a return to prior peak valuations.