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Kraken’s $500M Raise Coincides With Whale Grab of $1.6B in ETH as Co-Founder Cashes Out
Yahoo Finance·2025-09-26 10:39

Kraken raises 500Mata500M at a 15B valuation as whales buy 1.6BinETHandEthereumcofounderJeffreyWilckemoves1.6B in ETH and Ethereum co-founder Jeffrey Wilcke moves 6M to the exchange. | Credit: Getty Images. Key Takeaways Kraken has raised 500millionatavaluationof500 million at a valuation of 15 billion, setting the stage for a potential IPO in 2026. Over two days, 15 wallets amassed 406,117 ETH from major exchanges, including Kraken. Ethereum co-founder Jeffrey Wilcke also transferred $6 million worth of ETH to Kraken. Ethereum co-founder Jeffrey Wilcke has moved mill ...