The custodial company BitGo has submitted a confidential application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). This confirms previously circulated rumors about BitGo’s plans to enter the American stock market, which have been actively discussed since February 2025.
This is reported by Business • Media
What We Know About BitGo’s IPO Application
The company did not disclose the volume of the offering or the potential price range for the upcoming listing. BitGo emphasized that it will initiate the IPO only after receiving the necessary approval from the SEC. The procedure indicates that several months may pass between the submission of the confidential and public applications, as was the case with Circle, which filed its prospectus in January 2025 and made its public application only in April.
Company Funding and Activities
BitGo was founded in 2013 and is currently one of the leading providers of custodial services in the U.S. The company is also involved in trading crypto assets and crypto lending. In 2023, BitGo raised $100 million during an investment round, resulting in a market valuation of $1.75 billion. The amount BitGo plans to raise during the IPO has not yet been disclosed.
“BitGo did not disclose the volume of the offering or the price range for the IPO. The release states that the company intends to conduct the initial offering after SEC approval.”
Information from Bloomberg indicated that BitGo’s listing could take place in the second half of 2025. If the IPO is successfully completed, BitGo will strengthen its position in the cryptocurrency financial services market.