Crypto custody startup BitGo reveals near fourfold revenue jump in US IPO filing
BitGo's revenue surged to $4.19 billion in H1 2025, driven by over 4,600 institutional clients and $90.3 billion in assets under custody, signaling robust crypto market adoption.
- Crypto custody firm BitGo filed its S-1 registration statement on September 19, 2025, to list Class A common stock on the NYSE under the symbol BTGO.
- BitGo's IPO follows strong institutional interest and renewed momentum in the U.S. crypto market after earlier tariff uncertainties slowed listings.
- The company manages over $90 billion in digital assets for 1.14 million users, with Bitcoin comprising 48.5% of assets on platform as of mid-2025.
- BitGo's revenue nearly quadrupled to $4.19 billion in the first half of 2025 from $926 million in 2023, while net income declined to $12.6 million from $30.9 million in 2024.
- The IPO proceeds will fund technology, acquisitions, and compensation, while co-founder and CEO Michael Belshe retains control via a dual-class share structure.
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The request was part of a wave of registrations filed this Friday (19) night, after the Federal Reserve cut interest rates.
Crypto custody startup BitGo files for US IPO
(Reuters) -Crypto custody startup BitGo on Friday made public its paperwork for an initial public offering in the United States. The U.S. IPO market is seeing renewed momentum, with crypto firms drawing strong investor interest after tariff uncertainty dampened listings earlier this year. Founded in 2013, BitGo is one of the largest crypto custody firms in the United States. It stores and protects digital assets for clients, a role that has gain…
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ZawyaCrypto custody startup BitGo reveals near fourfold revenue jump in US IPO filing
Crypto custody startup BitGo's revenue nearly quadrupled in the first half of 2025, its filing for a U.S. initial public offering showed on Friday, following a string of stellar crypto debuts as investors flock to new listings.U.S. IPOs are set to have one of the busiest issues since 2021 this fall, with cryp
Bitgo Files for US IPO, Aims for NYSE Listing Under ‘BTGO’
Bitgo Holdings Inc. filed a Form S-1 for an initial public offering and applied to list its Class A shares on the New York Stock Exchange under the symbol BTGO. Digital Asset Custodian Bitgo Seeks NYSE Debut With Dual-Class Shares Bitgo, a Delaware corporation based in Palo Alto, filed with the Securities and Exchange Commission […]
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