BitGo Files for IPO, Seeks NYSE Listing Under “BTGO”

BitGo Holdings, Inc., a leading crypto custody and digital asset infrastructure firm, has officially filed for a U.S. initial public offering (IPO).

The Palo Alto-based company aims to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol “BTGO”, according to its Form S-1 registration submitted to the SEC on Friday.

Aiming to Capitalize on Institutional Demand

The IPO move comes amid renewed institutional appetite for secure digital asset services. BitGo, founded in 2013, has positioned itself as a backbone provider for crypto custody, settlement, and compliance infrastructure, a sector gaining urgency as financial institutions ramp up digital asset exposure under the Trump administration’s policy shift toward crypto innovation.

BitGo’s Business Scale

As of June 30, 2025, BitGo reported overseeing approximately $90.3 billion in assets on its platform. Its client base spans more than 4,600 entities and 1.1 million users across 100 countries, reflecting its global reach. The company supports over 1,400 digital assets and serves a mix of crypto-native firms, large financial institutions, governments, and high-net-worth individuals.

The firm also emphasizes its security profile. BitGo touts $250 million in insurance coverage for assets under custody and has completed both SOC 1 and SOC 2 audits, underscoring its compliance credentials for institutional-grade service.

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IPO Structure

BitGo’s IPO will involve shares of Class A common stock, with certain existing stockholders also selling shares. Notably, BitGo itself will not receive proceeds from the selling stockholders’ portion. The company has applied for dual share classes: Class A stock with one vote per share and Class B stock with 15 votes per share, convertible into Class A under specified conditions.

While the initial price range for the IPO has not yet been disclosed, the filing marks a significant milestone for BitGo, which will trade under the symbol “BTGO.”

The Bigger Picture

The filing underscores how crypto infrastructure providers are moving into public markets to solidify trust and attract capital. If successful, BitGo’s listing could join Coinbase as one of the few U.S.-listed crypto-native firms, further bridging the gap between traditional finance and the digital asset ecosystem.