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BitGo plans IPO and reaches impressive $4.19 billion in sales!
BitGo reports $4.2 billion in revenue and plans to go public on the NYSE. Find out more about the key data and plans.
BitGo plans IPO and reaches impressive $4.19 billion in sales!
BitGo, a leader in crypto custody, has reported an impressive revenue of $4.19 billion for the first half of 2025. This figure underlines the company's strong growth as it becomes increasingly established on the financial markets. With the planned listing on the New York Stock Exchange under the ticker BTGO, BitGo will take the step into the public eye and rely on the support of Goldman Sachs and Citigroup as main underwriters.
Financial results show that BitGo made a net profit of $12.6 million in the first half of 2025. Founded in 2013, the company was valued at $1.75 billion in 2023 and has steadily expanded its market position since then. CEO Michael Belshe will maintain influence through a dual share structure, with the Class B shares having 15 votes per share, as opposed to one vote for the Class A shares. This structure allows BitGo to be considered a “controlled company” under NYSE rules, exempting it from certain governance standards.
Expanding global reach
In addition to the stock market listing, BitGo has expanded its global reach by receiving an expanded license from the Federal Financial Supervisory Authority in Germany. This allows the company to offer various services within the EU framework for markets in crypto assets. BitGo's clientele includes crypto-native companies, financial institutions, governments and wealthy individuals.
To reinforce trust in their services, BitGo has also completed Service Organization Control Audits. This measure contributes to security and service quality in the rapidly developing crypto industry. The upcoming IPO filing comes in a positive environment for crypto IPO markets. Companies like Circle, Bullish, and Figure have had successful public market debuts recently.
Strong environment for IPOs
The current phase of IPOs in the US is one of the busiest since 2021, largely due to a favorable regulatory environment for crypto companies. This development could help BitGo and other companies in the industry benefit from the increasing interest in digital assets. Given the high demand for crypto services, BitGo's public listing is expected to attract significant interest.
With these promising financials and impending launch, BitGo has the potential to play a pivotal role in the future growth of the crypto market.