Crypto Giant BitGo Sees Record Profits, Prepares for NYSE listing
BitGo, a leading crypto custodian, recorded a massive $4.19 billion in revenue during the first half of 2025. The company is now gearing up for a significant moment: an Initial Public Offering (IPO) on the New York Stock Exchange.
BitGo’s co-founder adn CEO, Michael Belshe, plans to maintain control using a dual-class voting share structure. Class B shares, held by insiders, get 15 votes each, whereas Class A shares for public buyers come with just one vote. This setup will allow Belshe to guide the company’s direction post-IPO.
Founded in 2013, BitGo has grown significantly.It received a valuation of $1.75 billion in 2023 and now boasts nearly quadrupled earnings. The company’s global presence is expanding too. A new license from Germany’s Federal Financial Supervisory Authority lets its European team offer crypto services under EU guidelines.
bitgo’s client roster includes top crypto firms, financial institutions, governments, and wealthy individuals.Their secure systems have passed Service Organization Control audits.
- Goldman Sachs and Citigroup are handling the IPO.
- BitGo will trade under the ticker symbol BTGO.
The crypto IPO market is booming. Accomplished debuts by Circle, Bullish, and Figure signal investor confidence in digital assets as real investment opportunities. IPOX CEO Josef Schuster notes that crypto is gaining recognition as a distinct asset class.
With favorable regulatory changes, U.S. crypto firms are accessing public markets for growth. BitGo’s IPO marks another step in transforming the landscape of digital asset investments.
