BitGo’s $90B IPO Filing: Crypto Custody Revolution
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BitGo, a leading crypto custodian, filed for a US IPO, aiming to list on the NYSE under the symbol “BTGO.” Their S-1 filing reveals approximately $90.3 billion in assets under custody as of June 2025 and impressive revenue growth, reaching $4.2 billion in the first half of 2025, compared to $1.1 billion during the same period in 2024. This significant growth reflects the increasing institutional adoption of cryptocurrencies. CEO Mike Belshe will retain majority voting power through a dual-class share structure. BitGo's IPO follows other successful crypto company listings and positions them to capitalize on a favorable regulatory climate under the Trump administration, marked by the introduction of crypto-focused bills and increased institutional interest in digital assets. The platform's key feature is the secure custody of substantial cryptocurrency holdings, targeting institutional investors and large-scale crypto holders. While specific technical specifications aren't detailed, the successful management of billions in assets underscores the platform's robust security and operational efficiency. The IPO signifies a major step for BitGo and the broader crypto industry, indicating increasing maturity and mainstream acceptance. The move is likely to attract investors seeking exposure to the growing digital asset market. The filing highlights the positive impact of a more defined regulatory environment on the growth of crypto businesses.
(Source: https://bitcoinist.com/crypto-custodian-bitgo-declares-90b-us-ipo-filing/)
