BitGo Raised Nearly $213M in its IPO

• BitGo held its IPO on the NYSE.
• The company raised $212.8 million at a valuation of just over $2 billion.
• This is the first public “pure-play” custodian in the US.

On January 22, 2025, BitGo will debut on the NYSE at a valuation of more than $2 billion. Reuters reported this. 

The company’s shares will begin trading at the market open at 4:30 p.m. Kyiv time under the ticker BTGO. This is the first initial public offering (IPO) in the crypto sector in 2026. 

It is known that the company sold 11.8 million shares at $18. As a result, it raised $212.8 million in the IPO at a valuation of $2.08 billion. The stated price is higher than what was initially set in the filing. 

Notably, 2025 saw an IPO boom in the sector. Several major companies went public, including Circle, the issuer of USDC. 

After heightened volatility in October and November 2025, the bar for raising investment rose significantly, experts believe. At the same time, BitGo managed to become the first public custodian in the US. 

According to Matthew Sigel, head of digital assets research at VanEck, this is driven by the company’s business model. Thanks to this, the firm continued to grow even during the market downturn.