BitGo, a major cryptocurrency custodian, is going public! They’ve filed paperwork to list their stock on the New York Stock Exchange (NYSE).
A Huge IPO Filing
The company filed the paperwork with the SEC (Securities and Exchange Commission) in September 2025, aiming for the ticker symbol “BTGO”. This follows a confidential filing earlier in the year. They’re joining other crypto companies like Circle, Bullish, and Figure who’ve already gone public.
BitGo’s Impressive Numbers
As of June 2025, BitGo had a whopping $90.3 billion in assets under custody on their platform. Their revenue also skyrocketed – $4.2 billion in the first half of 2025, compared to just $1.1 billion during the same period in 2024.
CEO Keeps Control
BitGo’s CEO, Mike Belshe, will maintain significant control over the company even after the IPO. He’ll hold special shares with more voting power than regular shares.
A Booming Crypto Market
The timing of BitGo’s IPO is interesting. The US crypto market has been booming lately, partly due to clearer regulations and increased institutional interest. More companies are buying crypto, and the overall market is doing very well. This positive environment is partly attributed to the policies under the Trump administration. Other big names like Gemini and Grayscale are also considering going public.