Crypto Custody Firm BitGo Files for IPO
Crypto asset custody provider BitGo confirmed Monday that it has submitted confidentially for an initial public offering, signaling its intention to list on a public stock exchange. Details regarding the potential offering, including the number of shares or price range, were not disclosed at the time of filing.
Valuation
Following a $100 million funding round secured in August 2023, BitGo’s valuation had previously reached $1.75 billion.
Market Tidings
If approved, BitGo’s IPO would follow several prominent crypto companies that went public in 2025, including stablecoin issuer Circle and multi-asset crypto exchange eToro. More recently, New York-based Gemini filed its own IPO, joining other crypto firms earlier this year.
Toroughaimfo
Last week, crypto exchange Bullish also revealed it had submitted an IPO filing. BitGo’s move makes it the latest high-profile crypto security services provider to seek a public listing this year.
With over $100 billion in assets under custody, BitGo continues its industry expansion. A key milestone was reached this May when it secured its Markets in Crypto-Assets (MiCA) license from German regulator BaFin, enabling its regulated digital asset services operator across the whole European economic area.
BitGo maintains visibility in global crypto regulatory landscapes. The Northern California-based company has appeared at events such as the March White House Bitcoin Roundtable and the SEC’s Crypto Custody Roundtable this past April.
A BitGo spokesperson declined Decrypt’s request for additional comment.
