BitGo, a leading cryptocurrency custody provider, has announced plans to go public, joining a growing list of crypto firms seeking a public market debut. The company officially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission and intends to list its shares on the New York Stock Exchange under the ticker symbol BTGO.

Founded in 2013, BitGo has grown into a cornerstone of institutional crypto services, managing over $90 billion in digital assets for more than a million users worldwide. Its client base includes more than 4,600 organizations, underscoring the increasing demand for secure, reputable digital asset custody.

BitGo’s S-1 filing revealed a remarkable financial performance, with $4.19 billion in revenue generated during the first half of 2025—a dramatic jump from $1.12 billion in the same period last year. Despite this explosive growth, net income for the period declined to $12.6 million, a drop attributed to increased operational costs tied to the company’s rapid expansion. In full-year 2024, BitGo reported $3.08 billion in revenue and $156.6 million in net income.

The platform’s asset distribution further highlights the evolving crypto market landscape, with Bitcoin accounting for nearly half of all assets held, followed by Sui, Solana, XRP, and Ethereum. BitGo has strengthened its institutional credibility through extensive insurance coverage and the successful completion of industry-standard audits.

This IPO move reflects a broader shift as more companies in the crypto sector pursue public listings, signaling growing institutional interest and a maturing digital asset industry.