Bitgo has priced its initial public offering (IPO) at $18 per share, raising about $213 million and entering public markets with a valuation of roughly $2 billion.
Bitgo Becomes First Crypto Firm to Go Public in 2026
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Bitgo IPO Signals Continued Institutional Appetite for Crypto Infrastructure
Bitgo’s shares began trading Jan. 22 on the New York Stock Exchange (NYSE) under the ticker BTGO, following pricing late the previous day. The offering was originally marketed in a range of $15 to $17 per share, but demand allowed the company to price above that level, according to the IPO filing.
Founded in 2013 and based in Palo Alto, Calif., Bitgo provides digital asset custody and infrastructure services to institutional clients, including exchanges, hedge funds, and financial institutions. The firm supports more than 1,550 digital assets and reports managing over $104 billion in assets under management (AUM).
The company’s service lineup includes secure wallet infrastructure, staking, trading, and settlement tools, positioning Bitgo as a key provider of backend services for the digital asset economy. Its client base and product scope have expanded alongside rising institutional participation in cryptocurrencies and tokenized assets.
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Financial disclosures show Bitgo generated $4.19 billion in revenue during the first half of 2025, representing a 273% increase from the same period a year earlier. The growth has been attributed primarily to higher demand for custody and infrastructure services.
The IPO is the first cryptocurrency-related listing of 2026 and arrives despite a pullback in digital asset prices, with bitcoin down roughly 28% from its peak at the time of pricing. Underwriters for the offering included Goldman Sachs and Citigroup.
Market observers view the listing as another step in the integration of digital asset firms into traditional capital markets, though Bitgo will continue to face regulatory scrutiny and competition within the custody sector.
FAQ 🧭
- What was Bitgo’s IPO priced at out the gate?
Bitgo priced its IPO at $18 per share. - How much capital did Bitgo raise?
The offering raised approximately $213 million. - Where are Bitgo shares traded?
Bitgo shares trade on the New York Stock Exchange (NYSE) under the ticker BTGO. - What does Bitgo do?
Bitgo provides digital asset custody and infrastructure services for institutional clients.
