BitGo Initiates U.S. IPO Amid Revenue Surge

BitGo has initiated its U.S. IPO process with a recent SEC filing, aiming for a $1.75 billion valuation as it plans to list on the NYSE.

This significant revenue increase, despite shrinking net profits, emphasizes BitGo’s institutional traction in digital asset custody, highlighting broader crypto sector growth and market volatility impacts.

BitGo’s $4.2B Revenue Growth in H1 2025

BitGo, a prominent digital asset custodian, is set to list on the NYSE through a U.S. IPO. This move follows an impressive revenue growth to $4.2B in H1 2025. The IPO is led by Goldman Sachs and Citigroup.

The company reported lower net profits due to market volatility, indicating challenges despite rising revenues. BitGo remains a major player in secure digital asset storage, with $100B under custody as of this filing.

Institutional Expansion in U.S. Crypto Market

The IPO has brought BitGo a strong institutional milestone, cementing its presence in U.S. markets. Its expansion reflects broader confidence in regulated digital custody solutions for institutional clients.

The initial public offering aims for a $1.75B valuation with potential increased demand for digital assets like BTC and ETH. Regulatory approval solidifies their market position, despite current profit earnings.

Parallels to Coinbase’s 2021 IPO

This event draws parallels to Coinbase’s 2021 IPO, which marked a pivotal shift in institutional crypto adoption. Both companies focused on enhancing crypto’s infrastructure within traditional finance circles.

Looking forward, analysts predict heightened institutional flows into regulated digital assets. This aligns with historical responses to major custody platform listings, emphasizing regulated storage and diversified market entry strategies.

No quotes available from BitGo executives or major crypto KOLs regarding the IPO announcement at this time.