Important points
- Clear Street is seeking to go public in a deal led by Goldman Sachs that could value the company at up to $12 billion.
- ClearStreet’s model is under increasing pressure as digital assets return and related stocks decline.
Clear Street, which underwrites stocks and bonds and advises companies (such as Strategies) seeking to raise open market funds to accumulate Bitcoin and other digital assets, is preparing a short-term IPO that could value the company as much as $12 billion, according to the Financial Times. It could be listed as early as January.
ClearStreet’s listing comes as major crypto-native and crypto-related companies enter public equity markets in 2025, reflecting growing institutional acceptance of digital assets. Digital asset treasury companies have emerged as a major innovation in the cryptocurrency space this year.
However, the recent decline in stocks exposed to digital assets and cryptocurrencies has raised questions about whether ClearStreet can maintain the momentum that has previously justified such a lofty valuation.
