Summary
- BitGo has filed an IPO application with the U.S. Securities and Exchange Commission.
- BitGo said first-half 2025 revenue was $4.2 billion, nearly four times year-on-year.
- The joint bookrunners for this IPO are Goldman Sachs and Citigroup.
One of the United States' largest virtual asset (cryptocurrency) custody firms, BitGo (BitGo) filed a registration statement (S-1) with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
On the 20th (local time), Reuters reported that BitGo submitted an IPO filing to the SEC, and in that document said its revenue for the first half of 2025 was $4.2 billion (about 5.8758 trillion won). This is nearly a fourfold increase from the previous year.
Net income for the same period was $12.6 million. Meanwhile, Bitco's stock ticker is BTGO, and Goldman Sachs and Citigroup are participating as joint bookrunners for this IPO.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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