Catenaa, Tuesday, July 22, 2025-Crypto custody firm BitGo has confidentially filed for a US Initial Public Offering, reports said.
Reports said that the digital asset company was chasing public markets as the industry’s value surges past $4 trillion.
Founded in 2013, BitGo provides secure storage of digital assets and has become a key infrastructure player in institutional crypto.
The California-based firm last raised $100 million in mid-2023 at a $1.75 billion valuation. Its filing comes amid a flurry of crypto IPO activity, as startups seek to lock in capital before any market reversal.
The momentum follows several positive catalysts: Bitcoin recently climbed past $120,000 to an all-time high, corporate treasuries have begun holding digital assets, and US regulators have begun formalizing clearer frameworks for the sector. Analysts say such tailwinds are driving companies to act swiftly.
BitGo joins a rising roster of IPO hopefuls including Grayscale, Gemini and Bullish.
Circle, a major stablecoin issuer, successfully listed in June following President Donald Trump’s new stablecoin law, which set formal standards for dollar-backed digital payments.
