Clear Street, a New York Broker, plans to go public in January, specializing in crypto-related stock offerings and advising digital asset treasury firms. It has also underwritten for Trump Media & Technology Group. However, the digital asset treasury trend has waned with recent crypto price crashes.

Clear Street has been an underwriter for Strategy, a software company that became a Bitcoin proxy in 2020. Despite Strategy’s 3,500% surge in share price by July, recent crypto price crashes have impacted digital asset treasuries, with stocks falling in line with prices.

Metaplanet, a hotel operator turned Bitcoin treasury, is facing losses as Bitcoin prices drop below its average cost per coin. Meanwhile, Kraken, a major crypto exchange, has filed for an IPO with the SEC, expected to occur in 2026, subject to regulatory review and market conditions.

Kraken’s IPO filing follows Clear Street’s plans to go public, signaling a trend in crypto-linked companies seeking public offerings. Despite the recent challenges in the crypto market, companies are still leveraging the potential of going public to expand their reach and capitalize on investor interest.

Read more at Yahoo Finance: Strategy underwriter Clear Street plans to go public next year: Report