Kraken Eyes $20B Valuation in $300M Funding Round Ahead of Potential IPO

Cryptocurrency exchange Kraken is reportedly in advanced negotiations for a new funding round that could value the company at approximately $20 billion. Sources familiar with the matter, speaking on September 26, 2025, indicate that this initiative aims to bolster Kraken's financial position as it explores a potential initial public offering (IPO). The proposed funding, expected to be between $200 million and $300 million, is reportedly being secured from a single, unnamed strategic investor. This capital infusion is crucial to achieving the projected $20 billion valuation. The source requested anonymity due to the confidential nature of the private discussions. This fundraising round is directly tied to Kraken's IPO aspirations, as securing this capital would strengthen its balance sheet and demonstrate robust investor confidence. Negotiations are described as advanced, with specific terms actively under consideration. However, the completion of this agreement remains uncertain. Finalization is contingent on prevailing market conditions, implying that fluctuations in financial or cryptocurrency markets could impact the ultimate outcome of the negotiations.