BitGo Reports Strong Revenue Growth Ahead of IPO
BitGo, a U.S.-based cryptocurrency custody firm, reported $4.19 billion in revenue for the first half of 2025. This amount is nearly four times higher than its revenue the previous year. The company also disclosed a net profit of $12.6 million in its IPO filing with the U.S. Securities and Exchange Commission (SEC).
BitGo filed an S-1 registration statement to go public through an IPO. It plans to list on the New York Stock Exchange (NYSE) under the ticker symbol BTGO. Goldman Sachs and Citigroup are the underwriters for the offering.
The SEC filing, made public on September 20, 2025, covers financial results from 2022 to the first half of 2025. BitGo aims to raise capital and provide liquidity to investors. The company’s strong financial performance reflects growing institutional demand for digital asset custody services.
SEC Meets BitGo Executives on Crypto Regulation
As part of the SEC’s Project Crypto initiative, BitGo executives met with SEC Chairman Paul Atkins on September 12, 2025. CEO Mike Belshe and VP of Corporate Development J. Baylor Myers attended the meeting.
The discussion focused on updating custody rules for digital assets. They also addressed improving cybersecurity and private key protections.
BitGo’s Market Position and Future Outlook
- BitGo’s IPO filing highlights rapid revenue growth and recent profitability.
- The company seeks to capitalize on rising institutional interest in cryptocurrencies.
- Ongoing regulatory engagement aims to modernize digital asset custody standards.
For more details, see the official SEC filing.
