Cryptocurrency company BitGo joins the ranks of going public, following in the footsteps of Circle's successful IPO debut.
BitGo Confidentially Files for US IPO, Aiming for Public Debut in Second Half of 2025
BitGo, a leading crypto custody firm based in Palo Alto, has taken a significant step towards going public. The company has confidentially filed a draft registration statement (Form S-1) with the United States Securities and Exchange Commission (SEC), signalling its intent to take its company public.
The planned Initial Public Offering (IPO) could value BitGo as high as $1.75 billion, according to its last valuation after a Series C fundraising round of $100 million in August 2023. The firm currently holds more than $100 billion in assets on its platform.
BitGo's decision to go public comes at a time when the crypto industry is experiencing a wave of IPOs. Stablecoin issuer Circle and crypto exchange eToro have already successfully gone public this year. Bullish, another crypto company, has also recently filed for an IPO.
However, the official pricing and share details for BitGo's IPO are not yet available. As of late July 2025, the filing remains confidential, so detailed terms are pending. The registration has not yet appeared publicly on the SEC’s EDGAR database, and BitGo has not made a formal IPO pricing announcement.
BitGo has been actively participating in the crypto space under President Donald Trump's administration and has recently expanded its digital assets services this year. The company received the Markets in Crypto-Assets (MiCA) license from Germany's Federal Financial Supervisory Authority, BaFin, enabling it to offer its services across the European Union in May.
In March, BitGo participated in a panel entitled "Safeguarding America's Bitcoin". The company also took part in the SEC's Crypto Custody roundtable in April. Despite these engagements, BitGo has not provided any comments regarding its IPO plans in the article.
If approved, BitGo will join a growing list of crypto firms that have gone public in 2025. The report indicated that BitGo is aiming for a public offering in the second half of 2025.
As the crypto industry continues to evolve, BitGo's IPO could be a significant milestone, further legitimising the sector and attracting more institutional investors.
[1] CoinDesk (2025). BitGo Files Confidentially for US IPO. [online] Available at: https://www.coindesk.com/business/2025/07/20/bitgo-files-confidentially-for-us-ipo/
[2] Bloomberg (2025). BitGo Plans to Go Public in Second Half of 2025. [online] Available at: https://www.bloomberg.com/news/articles/2025-07-20/bitgo-plans-to-go-public-in-second-half-of-2025
[3] The Block (2025). BitGo Files for US IPO. [online] Available at: https://www.theblockcrypto.com/linked/113487/bitgo-files-for-us-ipo
[4] Decrypt (2025). BitGo Files for US IPO. [online] Available at: https://decrypt.co/85234/bitgo-files-us-ipo
- BitGo, a digital asset custody firm, has filed confidentially for an Initial Public Offering (IPO) in the United States Securities and Exchange Commission (SEC), aiming for a public debut in the second half of 2025.
- If approved, BitGo will join a growing list of crypto firms that have gone public, such as stablecoin issuer Circle, crypto exchange eToro, and Bullish.
- The planned IPO could value BitGo as high as $1.75 billion, signalling its intent to take its company public and further legitimising the crypto sector.
- BitGo has been actively participating in the crypto space and has recently expanded its digital assets services, receiving the Markets in Crypto-Assets (MiCA) license from Germany's Federal Financial Supervisory Authority, BaFin, enabling it to offer its services across the European Union.
- The official pricing and share details for BitGo's IPO are not yet available, as the filing remains confidential, but the company has been engaging with regulatory bodies like the SEC and participating in crypto-related events.
- The crypto industry continues to evolve, and BitGo's IPO could attract more institutional investors, as it represents a significant milestone in the legitimisation of the sector.
