Kraken valuation 2026: how much is Kraken worth?
Kraken is worth $9.5B as of November 2026 — its current valuation on the NPM Price (Nasdaq Private Market), 4% below its last round (Series E, $9.9B). That is Kraken's latest private-market valuation; it has no public stock price.
Per-share → stock price · over time → valuation history.
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 mid October 2027, with ~5% odds Kraken has gone public by year-end (Q4 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 $29/share (pre-IPO, as of 5 Nov 2026), and $28/share at the $9.5B NPM valuation mark (as of 4 Nov 2026).
Divides each valuation by ~0.34B 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 $13B (Nov 2025) to $10B (Nov 2026) — -27% in 12 months. The sharpest step came at the Series E round in Sep 2026.
| Date | NPM valuation |
|---|---|
| Nov 2025 | $13B |
| Feb 2026 | $13B |
| May 2026 | $11B |
| Jul 2026 | $9B |
| Nov 2026 | $10B |
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 E round. Its funding is entirely private capital: $1.1B across 6 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 ($29/share). The one route open to anyone — no broker, no accreditation — is a prediction market on Kraken's valuation.
Back the IPO itself — the market puts 5% on Kraken being 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.
- 6 Nov 2026 Market-implied odds of an IPO by year-end at 5%. even-odds listed ~20 Oct 2027 Polymarket / Kalshi
- 4 Nov 2026 Kraken's valuation marked at $9.5B. +5% over ~30 days · NPM Price (Nasdaq Private Market) NPM
- 10 Sep 2026 Series E closes — $0.1B raised, led by Blockchain Capital. post-money $9.9B Yahoo Finance / Forge
- 5 Nov 2026
- 5 Nov 2026
- 4 Nov 2026
- 3 Nov 2026
- 24 Oct 2026
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.