By UpMarket Research | Last updated: September 2026
CEO Nathan McCauleyFounded 2017HQ San Francisco, US
Anchorage Digital is an institutional crypto platform offering custody, staking, trading, governance, and settlement services. It also operates Anchorage Digital Bank, the first federally chartered crypto bank in the U.S. In February 2026, Anchorage Digital received a $100 million investment from Tether at a $4.2 billion post-money valuation (Anchorage Digital company press release and FinTech Futures).
Access to pre-IPO shares is available to accredited investors through UpMarket.
Last Reported Valuation
$4.2B
Strategic investment, 02/05/26, Anchorage Digital company press release and FinTech Futures
UpMarket Estimate
$4.71B
Based on UpMarket valuation model
How to Invest in Anchorage Digital Through UpMarket
Anchorage Digital shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Anchorage Digital offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
${{aum_amount_brokered_en}}B+
UpMarket has brokered over ${{aum_amount_brokered_en}} billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through {{aum_as_of_date_en}}. Of the total, approximately ${{aum_amount_managed_en}} million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
Amount raised
Valuation
Feb 2026
Strategic investment
$100M
$4.2B
Anchorage Digital's most recent reported round is its Strategic investment, announced February 5, 2026. It raised $100 million at a reported post-money valuation of $4.2 billion, led by T, e, t and h. Source: Anchorage Digital company press release and FinTech Futures. Data as of September 26, 2026.
Anchorage Digital Revenue and Growth
Annual revenue
Why Investors Are Watching Anchorage Digital
Growth Signal
Anchorage lands $100M Tether stake at $4.2B valuation
Anchorage Digital said Tether invested $100 million in a strategic equity round and a first-ever employee tender offer valued the company at $4.2 billion. The deal signals continued investor appetite for regulated crypto infrastructure after its prior $350 million Series D led by KKR.
Competitive Moat
America’s first federally chartered crypto bank serves institutions
Anchorage describes itself as America’s first federally chartered crypto bank, a regulatory position that can be hard for rivals to replicate. The company says it serves innovators and investors and is built for institutional digital-asset custody and infrastructure.
Anchorage says its platform is for institutions, including global financial firms and fintechs, and its latest $350 million raise was earmarked to enhance infrastructure solutions. That focus sits in a market where digital-asset custody, trading, and banking services are moving into mainstream financial workflows.
Interested in Anchorage Digital stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers: legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Anchorage Digital is a private company and does not trade on any public stock exchange. Accredited investors can access Anchorage Digital shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Anchorage Digital does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Anchorage Digital shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Anchorage Digital shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of $4.71B is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Anchorage Digital was valued at $4.2B in its February 2026 Strategic investment. Accredited investors can request Anchorage Digital access through UpMarket.