Leading crypto custody provider BitGo to list on NYSE with a $2.08 billion valuation in its first offering of the year

ZkSnarker · 2026-01-22T10:20:10+00:00

BitGo Holdings Inc. will be listed on the New York Stock Exchange this Thursday, becoming the first cryptocurrency company to go public in 2025, with the stock ticker symbol BTGO. The offering price is $18 per share, with an estimated raise of approximately $198.5 million, and the company's valuation reaching $2.08 billion. As a professional custody service provider, BitGo manages assets worth $104 billion, demonstrating its recognition among institutional clients. This move marks the mainstreaming of crypto custody services and also reflects industry maturity and market confidence.

ZkSnarker

2026-01-22 10:20:10

Abstract generation in progress

【Crypto World】Another leading Web3 company is about to ring the bell. BitGo Holdings Inc. has confirmed it will list on the New York Stock Exchange this Thursday, becoming the first cryptocurrency company to go public in 2025, with the stock ticker BTGO.

This IPO is quite substantial — an offering price of $18 per share, with an estimated raise of approximately $198.5 million, and a company valuation of $2.08 billion. It’s worth noting that BitGo, as an established custody service provider in the industry, has been around for 12 years (founded in 2013), with deep roots in institutional-grade crypto asset custody.

Speaking of strength, the data speaks for itself. Currently, BitGo manages custody assets worth $104 billion, which demonstrates institutional clients’ recognition of its professionalism. Even more noteworthy is that the company expects its revenue for the first nine months of 2025 to reach $10 billion — this growth rate reflects the booming Web3 custody track.

To some extent, BitGo’s listing signals the shift of crypto custody services from niche to mainstream. As traditional financial institutions’ demand for crypto assets continues to grow, professional custody solutions become a necessity. Whether this IPO will succeed or not also reflects the overall industry’s maturity and market confidence.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
4
Repost
Share

Comment

0/400

DegenApeSurfer

· 01-22 13:03

Wow, has BitGo finally rung the bell? $104 billion in custodial assets. This number is huge, and they really are the ones who benefit the most from institutional clients.

View OriginalReply0

SmartContractPhobia

· 01-22 10:48

104 billion in managed assets, this number doesn't feel very real... Can BitGo really hold up? Honestly, I just want to see if this wave of institutional bets will be proven wrong. A $2.08 billion valuation at listing, feels a bit conservative. Why are all the forecast numbers so outrageous? 10 billion in revenue in the first nine months? Do you believe it or not? As a leading custodian, but I still prefer decentralized solutions. When an established institution goes public, it usually means the story is over. Feels like the IPO price was set quite cautiously... Maybe the market isn't as good as imagined. It took 12 years to ring the bell—what about the internet speed? $104 billion in custody... there are really a lot of big players. Will it turn into another Coinbase after going public? This round of financing really wasn't as big as expected.

View OriginalReply0

LadderToolGuy

· 01-22 10:35

Oh no, BitGo has finally rung the bell. Leading custody provider indeed. --- $104 billion in assets under custody, this scale is really impressive. Are you serious? --- $10 billion in revenue in the first nine months? That growth is indeed outrageous, but is there still room to increase custody fee rates? --- Another veteran firm going public. It seems the institutionalization trend is truly unstoppable. --- Stock ticker BTGO, a $2.08 billion valuation feels a bit conservative... --- After 12 years of deep cultivation, finally going public. This pace... but that's just how steady players do it. --- Raising $200 million to ring the bell, this time it's really no big deal. --- Custody services are the real king business, the true cash cow in the crypto world. --- $104 billion... this number is right here, how many people are itching to get a piece of it?

View OriginalReply0

rekt_but_resilient

· 01-22 10:34

No way, these numbers are a bit outrageous... 10 billion in revenue in the first nine months? Did someone get it wrong? BitGo going public this time feels like a well-established brand, let's see if they can hold up. 1.04 trillion in assets under custody sounds impressive, but do institutions really believe it can be safely managed? 2.08 billion valuation... I really don't understand this valuation system in the crypto space. After going public, will it be another bloodbath? Anyway, I'm just watching and waiting.

View OriginalReply0