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BitGo plans to raise about $201 million in a US IPO
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Shares are expected to list on the NYSE under BTGO
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The company reported strong revenue growth in 2025
Crypto custody firm BitGo has filed to raise around $201 million in an initial public offering in the United States.
According to its SEC filing, BitGo plans to sell 11 million Class A shares at an estimated price between $15 and $17. Existing shareholders will also sell a smaller portion of shares, though BitGo itself will not receive those proceeds.
The company intends to list on the New York Stock Exchange under the ticker BTGO. After the IPO, BitGo will maintain a dual-class share structure, allowing CEO and co-founder Michael Belshe to retain voting control.
BitGo focuses on institutional services such as custody, settlement, trading infrastructure, and wallet technology. It positions itself as a backend provider rather than a consumer-facing exchange.
The IPO follows a strong 2025, during which BitGo reported a sharp increase in revenue as institutional demand for crypto custody grew. The company has also received conditional approval for a U.S. banking charter, strengthening its regulatory standing.
BitGo joins a small but growing list of crypto firms pursuing public listings as market conditions and regulation begin to stabilize.
