Grayscale подаёт заявку на IPO: новый этап для криптоуправляющих

cryptonews.ruPublicado em 2025-11-21Última atualização em 2025-11-21

Компания Grayscale Investments подала заявку на проведение IPO, что стало одним из самых значительных шагов на Уолл-стрит для управляющих криптовалютными активами в этом году.

Компания подала конфиденциальный проект IPO в Комиссию по ценным бумагам и биржам США, согласно ее заявлению от 13 ноября.

IPO Grayscale демонстрирует общую тенденцию среди криптовалютных компаний в 2025 году

Подача заявки свидетельствует о намерении Grayscale перейти от частного владения к публичному листингу.

Компания управляет десятками миллиардов криптоактивов в рамках нескольких трастов и ETF, включая свой флагманский биткоин-продукт. Компания заявила, что размещение будет зависеть от рыночных условий и одобрения регулирующих органов.

Этот шаг стал результатом многомесячных спекуляций после того, как Grayscale впервые подала конфиденциальный проект S-1 в июле. На тот момент компания не раскрывала сроки, но сегодняшнее подтверждение говорит о том, что ее планы ускорились. Аналитики рынка ожидают, что самое раннее окно листинга придется на конец 2025 – начало 2026 года.

#IPO Filing: @Grayscale files S-1 for IPO.

Grayscale Investments is preparing for an initial public offering (IPO) of its Class A common stock. The company is controlled by Digital Currency Group, Inc., which focuses on digital currency and blockchain technology. The IPO will… pic.twitter.com/xjXMe2gCmh

— MartyParty (@martypartymusic) November 13, 2025

Оценки отраслевых аналитиков разнятся: прогнозируемая стоимость варьируется от 30 до 33 миллиардов долларов.

IPO отражает более благоприятные условия регулирования в США для управляющих криптоактивами. Преобразование компанией Grayscale своего траста биткоинов в спотовый ETF увеличило приток институциональных средств и укрепило ее авторитет на публичном рынке. Теперь компания, похоже, готова использовать этот импульс.

Тем не менее, остаются серьезные препятствия. Влияние материнской компании через Digital Currency Group может повлиять на настроения инвесторов по мере подачи заявок.

Сегодняшние новости дополняют волну листингов в криптовалютном секторе, включая Gemini, Circle и Bullish.

Однако масштабы Grayscale делают эту заявку самой пристальной. Теперь инвесторы будут ожидать официальных подробностей S-1 и отзывов регуляторов в ближайшие месяцы.

The post Grayscale подаёт заявку на IPO: новый этап для криптоуправляющих appeared first on BeInCrypto.

Leituras Relacionadas

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

This article details serious allegations of fraud against Bitcoin infrastructure company Blockstream, founded by Bitcoin pioneer Adam Back. In June 2024, investigative account NatInfoSec published a report accusing Blockstream's mining note (BMN) program of potentially operating a multi-billion dollar scheme with Ponzi-like characteristics. The core allegations focus on Blockstream Mining Notes (BMNs), which offer investors fixed annual yields up to approximately 20% from Bitcoin mining. NatInfoSec's investigation raises several key issues: 1. **Suspicious Hashrate & Payout Capacity**: The analysis suggests Blockstream would need 20-45 EH/s of mining power to cover its BMN obligations, but its public dashboard shows only around 15 EH/s. Furthermore, no verifiable public evidence (e.g., grid connection records, import data) was found to support the massive mining operation required. 2. **Questionable Payout Source**: The BMN contract allows Blockstream to use Bitcoin from *any source* (Substitute Performance BTC) to fulfill investor payouts, raising concerns that payouts may not come from actual mining revenue. 3. **High-Risk, Fixed Returns**: Offering ~20% fixed yields in the volatile, cyclical Bitcoin mining industry is viewed as highly unusual and requires clear explanation. 4. **Undisclosed Criminal Record of Key Figure**: Christopher William Cook, a key figure in Blockstream's mining operations and CEO of spin-off Exacore, was found to have a federal felony conviction for mail fraud in 2008, a fact not disclosed in BMN offering documents. His background was also allegedly embellished. 5. **Potential Contagion to BSTR SPAC**: Questions were raised about whether these liabilities and Cook's record should have been disclosed in the SEC filings for Bitcoin Standard Treasury Company (BSTR), a separate Adam Back-associated firm planning a SPAC merger. The crypto community is divided. BitMEX Research validated Cook's criminal record and expressed concern over the high yields but found other evidence lacking or misleading, noting the legal separation between BMN, Blockstream, and BSTR. Blockstream defenders, like Samson Mow, argue the mining is real. Critics, however, emphasize the lack of independent, verifiable proof of the mining operation's scale and the true source of investor payouts. The article concludes that BMN remains shrouded in key unanswered questions regarding its actual size, the verifiability of its underlying mining assets and payouts, the source of its high yields, and the full role and disclosure concerning Chris Cook. Blockstream had not issued a comprehensive response at the time of writing.

marsbitHá 51m

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

marsbitHá 51m

The Full Story Behind Encryption Unicorn Blockstream's Deep Entanglement in Serious Fraud Allegations

This article details allegations of serious fraud surrounding the crypto company Blockstream, founded by Bitcoin pioneer Adam Back. Investigation account NatInfoSec accuses Blockstream of raising billions through its Blockstream Mining Note (BMN) products, which offer high fixed yields of up to 20% from purported mining revenue. The core allegations are: 1) Blockstream's public mining hash rate (15 EH/s) appears insufficient to cover the massive payout obligations from sold BMN notes, raising questions about the true source of investor payouts. 2) Key executive Christopher William Cook, central to the mining operations, has a prior federal conviction for mail fraud, a fact not disclosed to investors. Cook's background and lavish lifestyle are highlighted as red flags. 3) The structure allows payouts from any source of BTC, not necessarily mining revenue, which critics argue gives it Ponzi-like characteristics. The controversy also touches on Bitcoin Standard Treasury Company (BSTR), a related entity planning a SPAC上市. Critics question whether BMN's liabilities and Cook's record should be disclosed in BSTR's filings. BitMEX Research offered a tempered analysis, confirming Cook's criminal record is likely true and the high yields concerning, but found other claims like insufficient抵押证据 less substantiated. Community debate centers on the need for verifiable proof of Blockstream's mining output and revenue. The article concludes that while fraud is not proven, BMN presents significant, unresolved questions regarding its actual scale, the source of its high fixed returns, the verifiability of its mining operations and payouts, and the full disclosure of associated risks and personnel backgrounds. Blockstream has not yet issued a formal response.

链捕手Há 2h

The Full Story Behind Encryption Unicorn Blockstream's Deep Entanglement in Serious Fraud Allegations

链捕手Há 2h

Trading

Spot
Futuros
活动图片