Crypto wallet and custody firm BitGo has officially filed for an Initial Public Offering (IPO) in the United States, aiming to raise up to $200 million in an offering that could push its valuation to nearly $2 billion. This Palo Alto-based company is prepared to offer 11.8 million shares of Class A common stock, priced between $15 and $17 per share. BitGo plans to list its shares under the ticker symbol BTGO on the New York Stock Exchange (NYSE).
BitGo’s Path to Success
Since its founding, BitGo has been a trailblazer in the crypto industry, emphasizing transparency in its operations. According to BitGo co-founder and CEO Mike Belshe, “The transition of BitGo into the public markets is simply the next evolution of this transparency.” The company operates as a regulated custodian and financial services provider, managing over $104 billion in digital assets. Its wide array of services includes stablecoin infrastructure, token management, trading, staking, and subscription-based offerings.
Impressive Financial Growth
BitGo has witnessed substantial financial growth over the past year. While experiencing an $82 million decline in staking revenue, the firm generated over $60 million in new subscription revenue, bringing its total net income to approximately $35 million as of September 2025. Additionally, BitGo estimates an impressive $15.4 billion in digital asset sales revenue for 2025—a significant leap from $2.5 billion in 2024.
Expanding Global Footprint
In 2023, BitGo achieved a valuation of $1.75 billion during its last funding round. Since then, the company has made global strides by securing approval from Germany’s BaFIN to offer digital asset services across all 27 European Union states. Furthermore, in December 2025, the U.S. Office of the Comptroller of the Currency granted conditional approval for BitGo to upgrade its state banking charter to a national banking charter. These milestones position BitGo as a leader in the competitive digital asset services market.
Future Outlook
The firm’s IPO is scheduled for January 21, 2026, marking an important milestone as BitGo aims to expand its footprint and enhance its services further. For those interested in secure cryptocurrency storage solutions, BitGo’s IPO presents an opportunity to invest in a company at the forefront of the digital asset revolution.
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