BitGo Quietly Submits IPO Application
In a move that aligns with other major crypto firms, BitGo, a leading provider of cryptocurrency custody services based in Palo Alto, has confidentially filed for an initial public offering (IPO) in the U.S. The filing, made to the U.S. Securities and Exchange Commission (SEC) on Monday, marks a significant step towards going public for the company.
The surge in the wider crypto market has coincided with BitGo's decision to file for an IPO. The crypto market's market capitalization has surpassed $4 trillion, while BitGo's assets under custody have exceeded $100 billion, an increase from $60 billion at the beginning of 2025.
Other crypto firms seeking public listings this year include Grayscale, Gemini, Circle, and Bullish. BitGo's recent moves align with these companies, indicating a growing trend of crypto firms pursuing public listings.
However, as of the latest information available in August 2025, the number of shares and the expected price range for BitGo's offering have not been publicly disclosed. The IPO pricing details have not been released, although the company raised $100 million in August 2023, valuing the company at $1.75 billion.
The IPO filing is currently in progress, but specific details about the number of shares and the price range are yet to be disclosed. This potential move towards a public listing for BitGo is a significant development in the crypto industry, as it follows recent regulation developments and increasing institutional interest in the sector.
This report is based on information from the Unchained Daily newsletter.
[1] Unchained Daily Newsletter (August 2025): BitGo Files Confidentially for U.S. IPO. [5] Unchained Daily Newsletter (August 2025): BitGo's IPO Filing Details Not Yet Disclosed.
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