Anchorage Digital is preparing for a potential initial public offering (IPO) and is considering raising between $200 million and $400 million in new funding prior to the IPO. Discussions regarding the fundraising and valuation are ongoing and have not been finalized. The company's last major funding round occurred at the end of 2021, when it raised $350 million led by KKR & Co., resulting in a post-money valuation exceeding $3 billion.