Digital asset infrastructure company BitGo Holdings has filed for an initial public offering.
The company intends to list on the New York Stock Exchange under the ticker symbol "BTGO."
BitGo, which began operations in 2013, aims to be "the digital asset infrastructure company of choice" for institutional clients looking to securely manage digital assets through its technology platform.
The crypto firm reported significant financial growth, with total revenue reaching $3.1 billion for the year ended December 31, 2024, up from $926.3 million in 2023. For the first six months of 2025, the company generated $4.2 billion in revenue with net income of $12.6 million.
The company posted net income of $156.6 million in 2024, compared to a net loss of $2.1 million in 2023 and net income of $4.6 billion in 2022.
In its filing, BitGo acknowledged the "highly volatile nature of the digital asset economy" and noted that its "revenues and costs have, and will continue to, fluctuate significantly from period to period."
Goldman Sachs and Citigroup will serve as lead underwriters for the offering, with Deutsche Bank, Mizuho, and Wells Fargo Securities also participating among other underwriters.
Source :
https://www.investing.com/news/stock-market-news/crypto-firm-bitgo-files-for-nyse-ipo-4247517
