7 months ago
BitGo Files for IPO Valued at $1.96 Billion
BitGo, a company that helps people and businesses store and protect their cryptocurrency, has announced plans to go public.
This means they want to sell shares of their company to the public, which will help them raise money.
They hope to be worth about $1.96 billion.
Two big banks, Goldman Sachs and Citibank, are helping them with this process.
BitGo says they have a lot of cryptocurrency on their platform, about $104 billion worth, and they help manage over 9.3 million wallets.
Other companies in the cryptocurrency world have also been doing well, and their stocks have been going up in value.
The prices of Bitcoin, Ethereum, and other cryptocurrencies have also been increasing.
BitGo, a cryptocurrency custodian, files for an IPO with a valuation of $1.96 billion.
The company aims to raise $201 million by selling 11.8 million shares priced between $15 and $17 each.
Goldman Sachs and Citibank are acting as underwriters for BitGo's IPO.
BitGo claims to have $104 billion in assets on its platform and hosts over 9.3 million wallets.
Other cryptocurrency companies like eToro, Figure Technology, Gemini, Bullish, and Circle have also had successful IPOs in 2025.
- Who
- BitGo, a cryptocurrency custodian
- What
- Filed for an IPO
- Where
- United States
- When
- Monday (specific date not mentioned)
- Why
- To raise $201 million from the sale of 11.8 million shares
Key facts
- Company
- BitGo
- IPO Valuation
- $1.96 billion
- Shares Offered
- 11.8 million
- Price Band
- $15-17 per share
- Underwriters
- Goldman Sachs, Citibank
- Assets on Platform
- $104 billion
- Wallets Hosted
- 9.3 million
- Bitcoin Price
- $91,386
- Ethereum Price
- $3,127.72
- USDT Price
- $0.99
Quotes
Mike Bellin
Partner at PwC
“2025 marked the professionalisation of crypto, and the public markets noticed.”
indianexpress.com
Matt Homer
Founder and general partner of crypto VC firm The Venture Dept.
“We’ll continue to see more M&A activity. The question is whether at some point fatigue sets in. There’s already been some impressive results.”
indianexpress.com
Ryan Lee
Chief analyst at crypto exchange Bitget
“Crypto stocks in 2026 will remain highly sensitive to the direction and volatility of Bitcoin and Ethereum.”
indianexpress.com
