Crypto custody firm BitGo announced on the 12th that it has confidentially filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO).
JUST IN: Crypto custody giant BitGo has filed for its U.S. IPO, planning to offer 11.8 million shares priced between $15–$17, with trading set to begin on the NYSE under the ticker $BTGO! ? pic.twitter.com/169nE3YwWS
— Crypto Coral (@Crypt0_Coral) January 12, 2026
Through the IPO, BitGo aims to raise up to $201 million, with the company expected to achieve a post-listing valuation of approximately $1.85 billion, according to its filing.
The company plans to list its Class A common shares on the New York Stock Exchange (NYSE) under the ticker symbol “BTGO.” A total of 11,821,595 shares will be offered, including roughly 11 million newly issued shares by BitGo and 821,595 shares sold by existing shareholders.
Rapid Growth as Institutional Crypto Infrastructure Provider
Founded in 2013, BitGo differs from retail-focused crypto exchanges by specializing in institutional-grade digital asset infrastructure. The company provides self-custody crypto wallets, regulated trust services, and secure asset management solutions tailored to corporations, hedge funds, and asset managers.
According to SEC disclosures, BitGo currently safeguards approximately $90 billion in digital assets for more than 1.14 million users worldwide. Demand for secure custody of major assets such as Bitcoin and Ethereum (ETH) has surged as institutions expand on-chain exposure.
Strong Financial Performance and Regulatory Edge Attract Institutional Interest
BitGo’s financial performance reflects the rapid expansion of institutional demand for compliant crypto infrastructure. In the first nine months of 2025, the company reported revenue of approximately $10 billion, a sharp increase from $1.9 billion during the same period a year earlier.
Net income also rose to $35.3 million, up from $21.2 million, signaling sustained profitability.
A key differentiator for BitGo is its focus on regulatory-compliant custody services, enabling banks and asset managers to deploy capital on blockchain networks within established legal frameworks.
In December 2025, BitGo received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust bank, making it one of the few crypto-native firms authorized to function within the U.S. federal banking system.
The IPO is being led by Goldman Sachs and Citigroup, with Deutsche Bank and Mizuho Securities also participating, highlighting strong institutional investor demand.
Founder Mike Belshe is expected to retain control of the company through voting shares following the listing.
BitGo’s IPO filing underscores the growing acceptance of crypto infrastructure companies in public equity markets, potentially accelerating industry consolidation, regulatory clarity, and deeper integration between traditional finance and digital assets.
