Crypto Craze: Bitget’s IPO Prime Fills in Hours, $72M Raised!

by

Bitget IPO Prime Raises $72M, Oversubscribed Within Hours

Key Highlights

  • The IPO Prime campaign raised $72.36 million in a few hours and became oversubscribed quickly.
  • About 4,812 users joined, with high average investments of around $15K–$16K per person, meaning big capital per user.
  • The platform will switch to instant spot trading after closing on April 21, aiming to improve liquidity and faster access to funds.

Bitget, a cryptocurrency exchange, today began its IPO Prime campaign and rapidly attracted $72.36 million in just a few hours.

Gracy Chen, the CEO, announced on X that 4,812 people participated in the sale, and there was significant global interest. The sale quickly received more investors than available spaces, meaning it was fully booked very rapidly.

In just a few hours after launching Prime, our campaign has exceeded expectations, raising $72.36 million and becoming oversubscribed, according to a post by Chen on X.

Our recent IPO Prime campaign has been incredibly successful, raising over $72 million in just a few hours and exceeding our initial target. We’ve already received investments from 4,812 people, with each investor contributing an average of more than $15,000. As a result, we’re excited to announce that spot trading will begin right away.

— Gracy Chen @Bitget (@GracyBitget) April 18, 2026

Fast money rush in hours due to high demand

The campaign quickly gained a lot of attention because spaces were limited, rewards were clearly defined, and participants had a chance to get in early. As soon as the campaign launched, money started coming in quickly.

Within an hour and a half, the campaign had already reached its initial fundraising goal, collecting $61.1 million. At this point, around 3,769 people had participated, and that number continued to grow.

On average, people invested between $15,000 and $16,255, showing they were committed with substantial amounts of money, not just making small test investments.

A recent post announced that the first initial public offering (IPO) in the cryptocurrency world successfully raised $61.1 million in just an hour and thirty minutes.

Witnessing a first-of-its-kind IPO in the crypto world! The fundraising reached $61.1 million in just 90 minutes, hitting the soft cap. Currently, 3,769 people have participated, with an average investment of $16,255 per person. That’s equivalent to 3,769 Bitget VIP Level 1 accounts (which require $30,000 in assets each) – there are a lot of wealthy individuals out there!

— MOON丨BGB100+ (@moon_bgb) April 18, 2026

Bitget announced details about trading after the recent sale in a blog post. The IPO Prime event will finish at 8:00 PM (GMT+8) on April 21st, and spot trading will begin right away.

Initially, we intended to use standard trading methods, but we switched to a different approach. The platform clarified that offering immediate trades will boost activity and allow users to quickly and easily access their money.

Extra rewards for participants

In addition to the sale, Bitget offered extra rewards to participants. Between April 18th and 21st, users could earn up to 6% annual interest on their flexible USDT savings.

As a researcher, I can share that users will have the opportunity to earn a little bit of a return on their funds simply by holding them during the event. The savings product will become available for subscription starting April 20th.

Users can earn rewards from a pool of 500 TSLAON tokens by increasing their stablecoin holdings. New VIP members will receive benefits such as a 3% savings coupon for USDT and access to investment options offering rates up to 10% APR.

BGB drop despite the news

Bitget’s own cryptocurrency, BGB, isn’t showing a positive response to the recent news – it’s actually decreasing in value.

The token is currently trading at $1.85, down 2.65% over the past 24 hours. Despite the price decrease, trading volume has increased by 39% to around $35.69 million, and the market capitalization is $1.29 billion.

Read More

2026-04-18 18:21