Overview
- CoinDesk reported that Blockchain.com held discussions about going public in the United States via a SPAC, with no clarity on whether talks are ongoing.
- Anonymous sources said the company engaged Cohen & Company Capital Markets for a potential deal, while Blockchain.com declined to comment and the adviser did not respond.
- Recent leadership moves include Justin Evans as chief financial officer and Mike Wilcox as chief operating officer, signaling preparation for public-market scrutiny.
- The company also added former KPMG chief Timothy Flynn and Klaviyo legal head Landon Edmond to its board to bolster governance and regulatory expertise.
- Funding history highlights valuation swings from $5.2 billion in 2021 to reports near $14 billion, then about $7 billion on a $110 million raise in November 2023, as the firm expands into Ghana, Kenya, and South Africa and peers like Circle, Bullish, and Gemini reach public markets.