BitGo Files for US IPO with $90B in Assets Under Custody
- BitGo has filed for a US initial public offering (IPO), targeting the New York Stock Exchange under the ticker symbol “BTGO.”
- As of June 30, the firm reported approximately $90.3 billion in assets on its platform.
- BitGo serves over 4,600 clients and more than 1.1 million users across approximately 100 countries.
- The company supports over 1,400 digital assets and offers $250 million in insurance coverage.
- CEO Michael Belshe will retain control through a dual-class share structure, maintaining significant voting power.
The IPO filing coincides with BitGo’s extended license from Germany’s BaFin, allowing it to provide services under the EU’s Markets-in-Crypto-Assets framework. This move reflects growing institutional interest in crypto custody solutions.
With $90.3 billion in assets under custody, BitGo aims to strengthen its position as a leading provider of digital asset infrastructure amid increasing demand from institutional investors.
