Bgin Blockchain Limited, a manufacturer of cryptocurrency extraction platforms based in Singapore, filed a first public offer (IPO) in the United States, aimed at collecting up to $ 50 million. THE deposit was submitted to Securities and Exchange Commission of the United States (SEC) on February 21, 2025.
Although BGIN has not revealed the exact price of its offer, the Consulting Consulting Consulting Society suggested in a note of February 21 that the IPO could potentially collect up to $ 50 million.
It is interesting to note that the next IPO of BGIN is part of a broader trend of cryptographic companies that predict public in the United States, this wave follows the electoral victory of Donald Trump, many expecting that His support gives a major boost to the local cryptography industry.
According to BGIN’s registration declaration, the company was founded in 2019 by emphasizing alternative cryptocurrencies. He designs and sells crypto extraction platforms specially designed for Kaspa (KAS), Alephium (Alph) and Radiant (RXD) mining (KASD).
During the year 2022, Bgin said that almost all of his income came from the exploitation of cryptocurrencies. He also started selling his own mining machines in April 2023, which now represent more than 85% of his income. The company plans to use some of the funds of its public offer to increase its research and development efforts.
No more IPO to come!
Recently, during the recent Ondo summit, the CEO of Galaxy Digital, Mike Novogratz, predicted that several cryptographic companies could be published public by May or June, citing a more favorable environment with the dry. Etoro revealed on February 12 that he had submitted plans to the dry plans concerning a proposed IPO. In addition, Bitgo, a Crypto daycare company, would be in talks for a possible IPO later this year, although no decision has yet been made. The Crypto Exchange Gemini would also consider an IPO this year.
In addition, large banks also explore partnerships with cryptographic companies to bring blockchain technology to their operations. The US Congress sets up a cryptographic working group to create policies that help digital assets to grow. This could provide clearer rules and encourage more companies to make public.
The cryptography industry is at a crucial time, with more companies aimed at public ads, indicating that digital assets accept the dominant current. The successful IPOs of Exodus and Coinbase opened the way, and the upcoming offers of Bitgo, Circle and Etoro show how Crypto makes its brand in traditional finance. The future of cryptographic scholarships will be shaped by clearer regulations, increasing institutional adoption and new banking strategies.