BitGo Targets Wall Street With IPO Plans

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BitGo Holdings, a pioneer in institutional crypto custody, has filed to go public on the NYSE under “BTGO.”

The move comes after a rollercoaster of financials:

2022: $4.6B net income

2023: Net loss of $2.1M

2024: Recovery with $156.6M net income on $3.1B revenue

1H 2025: $4.2B revenue with $12.6M profit

BitGo noted in its filing that crypto’s volatility heavily impacts its business model, warning of fluctuations in revenue and costs.

Still, with Wall Street heavyweights like Goldman Sachs and Citi leading the underwriting, BitGo’s IPO marks another major step in the institutionalization of digital assets.

[Nahid10]

BTGO going public Another big step for institutional crypto adoption

[jacson4]

Wild financials $4.6B profit → loss → back to strong recovery Classic crypto volatility.