{"id":158360,"date":"2025-05-29T22:00:42","date_gmt":"2025-05-29T19:00:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=158360"},"modified":"2025-05-29T15:23:01","modified_gmt":"2025-05-29T12:23:01","slug":"blackrock-reportedly-targeting-major-stake-in-upcoming-crypto-ipo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrock-reportedly-targeting-major-stake-in-upcoming-crypto-ipo\/","title":{"rendered":"BlackRock Reportedly Targeting Major Stake in Upcoming Crypto IPO"},"content":{"rendered":"

The move<\/a> <\/strong>would deepen BlackRock\u2019s ties to Circle, as it already oversees the Circle Reserve Fund, which backs most of USDC\u2019s reserves and holds close to $30 billion in assets.<\/p>\n

The IPO, expected to price between $24 and $26 per share, is already attracting strong interest. Circle plans to release 24 million shares, with the option to increase that to 27.6 million. If fully subscribed, the sale could raise up to $624 million. Roughly 40% of the shares will be newly issued, with the rest coming from existing shareholders.<\/p>\n

Other institutional investors are reportedly lining up as well. Ark Invest, led by Cathie Wood, may allocate up to $150 million to the offering. While Circle and BlackRock have remained silent publicly, Bloomberg reports the asset manager may purchase the shares via a partner or affiliate.<\/p>\n