From Custody to Wall Street: BitGo Goes Public

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Institutional crypto player BitGo Holdings has filed for an IPO, seeking to trade on the New York Stock Exchange (BTGO).

Founded in 2013, BitGo has evolved into a top-tier digital asset infrastructure company for hedge funds, exchanges, and banks. Its filing shows:

Revenues skyrocketed from $926M (2023) → $3.1B (2024).

Net income flipped from a loss in 2023 to $156.6M profit in 2024.

In 1H 2025, BitGo already logged $4.2B in revenue.

The company said its goal is to be the “infrastructure provider of choice” for institutions entering the digital asset space, despite acknowledging crypto’s inherent volatility.

Lead underwriters include Goldman Sachs and Citigroup, with additional support from Deutsche Bank, Mizuho, and Wells Fargo Securities.

[Nahid10]

From $926M to $4.2B in less than 2 years 🤯 BitGo showing insane growth

[jacson4]

Wall Street giants like Goldman & Citi backing this IPO = major institutional signal