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Kraken in talks to raise funds at $20 billion valuation, Bloomberg News reports
Yahoo Finance·2025-09-26 19:52

(Reuters) -Crypto exchange Kraken is in advanced talks to secure fresh funding that could value the company at about 20billion,BloombergNewsreportedonFriday.Thefundingwouldincludeacommitmentof20 billion, Bloomberg News reported on Friday. The funding would include a commitment of 200 million to 300millionfromastrategicinvestor,thereportsaid,citingapersonfamiliarwiththediscussions.AspokespersonforKrakendeclinedtocommentonthereport.Thedeal,whichissubjecttomarketconditions,wouldfollowthecompanys300 million from a strategic investor, the report said, citing a person familiar with the discussions. A spokesperson for Kraken declined to comment on the report. The deal, which is subject to market conditions, would follow the company's 500 million fundraising round at a $15 bill ...