Kraken valuation 2026: how much is Kraken worth?
Kraken is worth $9.3B as of September 2026 — its current valuation on the NPM Price (Nasdaq Private Market), 14% below its last round (Series D, $10.9B). That is Kraken's latest private-market valuation; it has no public stock price.
Per-share → stock price · over time → valuation history.
What could Kraken be worth by the end of 2026?
Prediction markets put Kraken's even-odds 2026 valuation at $9B (indicative) — 8% below today's $9.3B. The middle 50% of outcomes runs $8B–$10B.
Indicative: this market is coarsely priced, so we show the central estimate and its range rather than a precise per-level ladder.
Worth now → valuation · what it might IPO at → IPO odds.
When will Kraken IPO?
Kraken has not IPO'd and is not publicly traded — it's private, with no ticker. The market's even-odds IPO date is late March 2027, with ~5% odds Kraken has gone public by year-end (Q1 2027).
Prediction-market odds, not Kraken guidance.
Current value → valuation · convert to per-share → stock price.
What is Kraken's stock price?
Kraken is private, so it has no public stock price. Its secondary share price is $33/share (pre-IPO, as of 4 Sep 2026), and $29/share at the $9.3B NPM valuation mark (as of 3 Sep 2026).
Divides each valuation by ~0.33B estimated diluted shares (Kraken is private; the exact count isn't disclosed). An IPO issues new shares, diluting existing holdings. An estimate, not advice or an appraisal.
Valuation over time → valuation history.
Kraken valuation history: how has it changed?
Kraken's valuation has gone from $12B (Sep 2025) to $9B (Sep 2026) — -24% in 12 months. The sharpest step came at the Series D round in Nov 2025.
| Date | NPM valuation |
|---|---|
| Sep 2025 | $12B |
| Dec 2025 | $14B |
| Mar 2026 | $12B |
| Jun 2026 | $12B |
| Sep 2026 | $9B |
Current value → valuation · per-share → stock price.
Who owns Kraken?
Kraken is privately owned by its founders and employees plus its investors — led by Blockchain Capital, which led its Series D round. Its funding is entirely private capital: $965M across 5 funding rounds, and it is not publicly traded.
Round lead Blockchain Capital
Fund holders Private Shares Fund
Mark vs live valuation → valuation · per-share → stock price.
Can you buy Kraken stock?
No — you can't buy Kraken stock on a normal brokerage: it's private, with no ticker. How to invest in Kraken directly is limited to accredited investors, via restricted pre-IPO secondaries ($33/share). The one route open to anyone — no broker, no accreditation — is a prediction market on Kraken's valuation.
Bet YES on “Kraken ≥ $12B by Dec 31, 2026” at 47¢ and make ≈ +115% if it hits (full odds ladder →). Or back the IPO itself — 5% listed by year-end (IPO odds →).
A prediction-market bet is binary, not equity: a fixed $1 if it hits the strike by the date, $0 if not. Availability varies by region.
Latest on Kraken
What recently moved the valuation and IPO odds, plus headlines — newest first.
- 7 Sep 2026 Market-implied odds of an IPO by year-end at 5%. even-odds listed ~31 Mar 2027 Polymarket / Kalshi
- 7 Sep 2026 Odds of reaching $12B by year-end at 23%. +17 pts in a month Polymarket
- 3 Sep 2026 Kraken's valuation marked at $9.3B. -1% over ~30 days · NPM Price (Nasdaq Private Market) NPM
- 18 Nov 2025 Series D closes — $0.2B raised, led by Blockchain Capital. post-money $10.9B Yahoo Finance / Forge
- 7 Sep 2026
- 6 Sep 2026
- 6 Sep 2026
- 5 Sep 2026
- 5 Sep 2026 Kraken Robotics: Undersea Batteries Drive Solid Revenue Growth seekingalpha.com
Common questions about Kraken stock
Is Kraken publicly traded?
Can you buy Kraken stock, or is it on Robinhood?
How much is Kraken worth?
Who owns Kraken?
Does Kraken pay a dividend?
Sources & method
Every figure is sourced below, each with its own timestamp. See the methodology for how each is computed.
An estimate, not an appraisal or investment advice. Kraken is private; its shares are unregistered and secondary transfers may be restricted. Figures aggregate public filings and licensed third-party data, attributed above. Moonberg doesn't broker, sell, or hold any security.