BitGo Joins Circle, Grayscale In Filing For US Stock Market Debut As Crypto Market Tops $4 Trillion
Main Idea
BitGo has filed a confidential draft registration statement with the SEC for a proposed IPO, joining other crypto companies in a wave of public offerings amid a pro-crypto market environment.
Key Points
1. BitGo submitted a confidential draft registration statement to the SEC, signaling its intention to go public.
2. The company, launched in 2013, provides digital asset custody services for institutional clients and was valued at $1.75 billion in August 2023.
3. BitGo's assets under custody exceeded $100 billion by the end of the first half of 2025.
4. The IPO filing aligns with a broader trend of crypto companies going public, influenced by a pro-crypto administration.
5. Circle's recent successful IPO, with shares rising over 620%, highlights strong institutional interest in crypto-related stocks.
Description
The move adds BitGo to the number of growing companies lining up to take their companies public, with Bitcoin recently setting new all-time highs.
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